![$1400 goes alot further than i thought [651x1280 - 123KB]](https://poal.co/static/images/iBZe2e.jpg){kind=link}
The entire point of jubilees is that profiting off human misery would be short lived at best. It also makes usury impossible, since hte interest would be forgiven. No one can get a loan? Fucking good, then maybe we can focus on the real price of an item, instead of the super inflated cost we have thanks to the way debt works these days. At the going rate, a new car will cost 100,000 in less than a decade
No more credit. No more debt. Just like I said.
But it will slow growth to a crawl. No more retirement. No more capital investment. PayGo is the model.
You won't have to worry about the price of a car because they won't build them any more.
I dont personally see that as a bad thing honestly. I live in a small town, and that's exactly how we do it here, even down to the fire service. It's slow sure, but it also means we dont have to do random accounting for stuff we may not need anyways.
Until unforseen disaster strikes and you need more than you can immediately afford.
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