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Debt jubilees were used in circumstances like this.
by thoughtstheseus 6y ago
Debt jubilees were used in circumstances like this.
- zeveb 6y agoI think that was most typical when the party declaring the debt jubilee was the lender itself (e.g. the government), or when the lenders were despised by society (e.g. Jews in mediæval Europe). A debt jubilee would not fly so well now when all of our pensions, retirements and endowments are tied up as … someone else's debt.
- int_19h 6y agoGiven how many households are deep in debt in US, do you think that cancelling others' indirect debt to them would leave them in the red?