Debt Jubilees: Moral Hazard vs Fairness

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Recorded15 May 2020

Publisheranchor.fm ↗

Handlerec:2678564

Show notes

In ancient times, at times of general economic distress, such as a crop failure, rulers would “wipe the slate clean” and cancel ALL society’s debts. There were winners and losers, but society as a whole benefitted. Coronavirus has caused debt burdens to explode upwards. Might we see something similar in the modern world?

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