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It's much easier than a biblical jubilee, because all the debts cancel, so everyone gains the certainty of not having to worry about failed repayment and people
by dllthomas 6y ago
It's much easier than a biblical jubilee, because all the debts cancel, so everyone gains the certainty of not having to worry about failed repayment and people only lose in proportion to their intent to default. That is probably a win for most people, and also those individuals for whom it's not a win probably have some trouble admitting that.