When Debts Become Unpayable, They Should Be Forgiven

For centuries, debt and indebtedness have had profoundly destabilizing effects on human societies. In the ancient world, rulers and their subjects had a solution: known as a debt jubilee, it involved a periodic, unconditional wiping out of debt. We need such a jubilee today.

Source: When Debts Become Unpayable, They Should Be Forgiven

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