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Debt jubilee

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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 2020 coronavirus recession.[1][2] The American economist Michael Hudson was a proponent of a debt jubilee, writing in a Washington Post op-ed that it was an alternative to a depression.[3][4]

See also

References

  1. ^ Cameron Gordon (April 30, 2013). "The debt jubilee: an Old Testament solution to a modern financial crisis?". The Conversation.
  2. ^ Simon Wilson (March 28, 2020), "Debt jubilee: will our debts be written off?", MoneyWeek
  3. ^ "How a debt jubilee could help the U.S. avert economic depression". Marketplace. American Public Media. Apr 2, 2020. {{cite news}}: Unknown parameter |authors= ignored (help)
  4. ^ Michael Hudson (March 21, 2020), "A debt jubilee is the only way to avoid a depression", The Washington Post


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