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You know they're possible, because we're discussing them. Do you pay your debts?
by _jal 5y ago
You know they're possible, because we're discussing them. Do you pay your debts?
- oh_sigh 5y agoFlying pigs are possible. You know because we're discussing them. When was the last debt jubilee in America(which is where all of my debts are)?
- ohyeshedid 5y agoMight help to clarify if you mean for people or corporations.
- medvezhenok 5y ago1970s) High inflation = *fixed-interest rate debt jubilee over time (as long as wages are inflation-indexed). Also that's the last time the US defaulted on its debt in real terms (i.e. 1971 and the Nixon gold shock)