Religious Solution to Debt Crisis?

The Jubilee Solution to the Economic Crisis: the People’s Bailout

"The worldwide economy is unraveling because of high debt. High debt is destroying the economy not only because businesses are forced to liquidate in the face of unpayable debt, but also because consumers won’t spend when their debt load gets too high. The high debt load is made worse by deflation, which makes older debt harder to pay off..."more



"According to the Pentateuchal legislation contained in Leviticus, a Jubilee year is the year that follows immediately seven successive Sabbatic years ...

The design of the Jubilee year is that those of the people of God who, through poverty or other adverse circumstances, had forfeited their personal liberty or property to their fellow brethren, should have their debts forgiven by their co-religionists every half century, on the great day of atonement, and be restored to their families and inheritance as freely and fully as God on that very day forgave the debts of his people and restored them to perfect fellowship with himself, so that the whole community, having forgiven each other and being forgiven by God, might return to the original order which had been disturbed in the lapse of time, and being freed from the bondage of one another, might unreservedly be the servants of him who is their redeemer..."

-Catholic Encyclopedia


Forbes Magazine:

Could a Debt Jubilee Help Kickstart the Economy?




Clement of Alexandria - Against the Heathen (Kairos?)

 'Well, now, let us say in addition, what inhuman demons, and hostile to the human race, your gods were, not only delighting in the insa...