• Source: Debt jubilee

A debt jubilee is a clearance of debt from public records across a wide sector or a nation. Such a jubilee was proposed as a solution to debt incurred or anticipated during the COVID-19 recession. The American economist Michael Hudson is a proponent of a debt jubilee, writing in a Washington Post op-ed that it was an alternative to a depression. Similarly, anthropologist David Graeber pointed to kings' historical use of debt jubilees during regime changes to suggest that a debt jubilee would have been an appropriate response to the 2008 financial crisis. Australian economist Steve Keen is a proponent of debt jubilee.




See also


Jubilee (biblical)
Jubilee 2000
Seisachtheia
Write-down




References






Further reading


Goodhart, Charles; Hudson, Michael (11 June 2018). "Some ways to introduce a modern debt Jubilee". VoxEU.
Herrine, Luke (1 April 2020). "The Law and Political Economy of a Student Debt Jubilee". Buffalo Law Review. 68 (2): 281–411. SSRN 3442234.

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• Debt jubilee
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• Jubilee 2000
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• Jubilee
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• Jubilee (disambiguation)
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• Jubilee (biblical)