Just for fun, imagine if all debt were wiped away when the Mayan Calendar ends this Friday…
How would the world be different? What would become possible for you personally in your life? How would nations and corporations invest our newfound wealth differently if we all started from a clean slate? Problems like global warming and extreme poverty would instantly become financial drops in the bucket—easily tackled with fair contracts and forward-looking investments. The structural debts of entrenched subsidies, invested capital, tax havens, and trade agreements that keep them from being addressed would simply no longer exist.
Sounds too good to be true, doesn’t it? Well just such a fantasy used to be standard practice in the Hebrew Tradition throughout the early days of their civilization. They held a great Jubilee every seven years to erase all debt and end economic slavery. Accounts kept on…
