Cancelling debt is a jubilee, which is necessary when the debt load becomes so onerous that it nukes the productivity of your economy. It isn't printing money,

Cancelling debt is a jubilee, which is necessary when the debt load becomes so onerous that it nukes the productivity of your economy. It isn't printing money, nor is it essentially printing money. Money just sits there. Debt grows exponentially. It is extinguishing debt, in order to allow young people to make financial progress, which will incentivize them to actually work, which will produce actual wealth that we can all enjoy, since, as Marx and Smith both correctly said: labor is the source of value. Steven Keen was right all along and professional economists should be sent to agrarian communes to work and think about things.