3 ms·
> Note that there is not a rent moratorium, just an eviction moratorium We take this as a given, but historically this is actually quite unusual. It was not un
by ashtonkem 5y ago
> Note that there is not a rent moratorium, just an eviction moratorium
We take this as a given, but historically this is actually quite unusual. It was not uncommon for kings in the past to declare a “debt jubilee” where all debts public and private were null and void. These were commonly called for both important royal events, as well as locally after natural disasters struck.
Obviously there are knock on effects to this. It’s very hard to give out loans if the loan is likely to get wiped out when the king dies, and the cost of any loan is inexorably tied to the risk of a jubilee. But given the scope of personal economic crisis in the face of the pandemic, perhaps we could have taken a page from history and provided some relief to our poor and vulnerable, rather than letting them go destitute through no fault of their own?
- novok 5y agoDid bankruptcy exist back then too? I think debtors prisons were a thing.