3 ms·
A one-time debt reset would be a great experiment, but without also resetting who owns the businesses and who doesn't, the same people would eventually be back
by ryandrake 2y ago
A one-time debt reset would be a great experiment, but without also resetting who owns the businesses and who doesn't, the same people would eventually be back to the same levels of debt. You need to correct the derivative and the second derivative.
- worldsayshi 2y ago> the same people would eventually be back to the same levels of debt Well there's always the option of periodic debt cancellation. Such ideas are not untested: https://en.wikipedia.org/wiki/History_of_debt_relief https://en.wikipedia.org/wiki/History_of_debt_relief