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[–] 1 pt

No. You didn't say "Every 10 years" but what you are doing is trying to redefine what a "jubilee" is.

A jubilee is a set time, set in advance, when all debt would be forgiven. And the problem with that defintion is that when you near the deadline for the jubilee, credit stops being issued, for obvious reasons.

You put a deadline on debt repayment, it destroys lending beyond that deadline.

[–] 1 pt

It's the easiest way to describe what we're talking about. I've already stated what my intention is: bring-back the same process that would occur during a debt-jubilee, once, in order to deal with this manufactured financial-crisis. If we can bail-out banks, we can bail-out the people that got screwed over by the government, at the behest of billionaires. You can see how this won't happen, anyway: because the intent of what they're doing is massive wealth-transfer and the destruction of the middle-class. So I was already partially being tongue-in-cheek, to begin with, noting that it would never happen, voluntarily anyway.

But as a one-time solution: I still think it's a rational approach. It's not like people went nuts racking up debt to create this crisis: like in 2008. This time people aren't allowed to be financially productive. You're distracting from my point over a technicality, and arguing over that technicality as if it's my point: when we've already established that it isn't. There really isn't much left to say here.