3 ms·

Issue with cancelling debt is that after you do that you won't get more debt. And if your system of spending is setup on what is essentially revolving credit it

by Ekaros 3y ago

Issue with cancelling debt is that after you do that you won't get more debt. And if your system of spending is setup on what is essentially revolving credit it will very quickly mean you have no money to spend on anything.

mempko 3y ago
Strange, history is littered with debt cancellations and yet here we are. A debt jubilee is like hitting the reset button. The modern financial system will still create debt as it must!