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There is also in the Bible the notion of a 50 years periodic Jubilee[1] when all debts would be canceled and the system effectively resets. [1] https://en.wiki
by alexis2b 3y ago
There is also in the Bible the notion of a 50 years periodic Jubilee[1] when all debts would be canceled and the system effectively resets.
[1] https://en.wikipedia.org/wiki/Jubilee_(biblical) https://en.wikipedia.org/wiki/Jubilee_(biblical)
- Interloper2 3y agoha! It may be in the Bible, but Jubilee was never celebrated, not even once.
- JumpCrisscross 3y ago> Jubilee was never celebrated Ancient societies of all stripes had periodic debt forgiveness. Ancient (pre-Christian) Rome, for example.
- Terr_ 3y agoWhether or not it happened exactly as described within the Torah/Bible, we have plenty of records to indicate ancient societies regularly overturned debts. ... Unless you're making a joke that it happened but was not "celebrated" because most people didn't like it.
- PopePompus 3y agoWouldn't that kinda make it difficult for anyone to get a mortgage during year 49?
- rthomas6 3y agoOh no!
- LorenPechtel 3y agoYeah, it would play havoc with durable-goods industries in the last few years of the cycle.