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121 — Debt Jubilee

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Manage episode 284214319 series 2870328
Content provided by Alex Howlett. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alex Howlett or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Our society is becoming increasingly indebted. This is creating financial instability and slowing down our economy. Some people suggest that the solution is to have periodic "debt jubilees" in which the debts of private individuals are completely forgiven. This process can quickly become complicated. What about the people who are depending on cash flows from those debts being paid?

What would happen if the government paid people's debts for them? How does that compare to an ongoing basic income that makes it easier for people to pay their own debts? If we periodically have to press a reset button on our debt, is it a sign of a deeper problem in our economy?

For optional reading, we have a recent article from Democracy Journal by Richard Vague entitled, "It's time for a Debt 'Jubilee'"
https://democracyjournal.org/arguments/its-time-for-a-debt-jubilee/

Previous related Boston Basic Income topics have included:

https://youtu.be/7_tG_QBfR54 — BBI #20: National Debt
https://youtu.be/iwSNkGTJYts — BBI #49: Debt and Credit
https://youtu.be/_uWVbG6Yezc — BBI #117: Sovereign Money

Photo by Mohamed Nohassi on Unsplash
(https://unsplash.com/photos/odxB5oIG_iA)

  continue reading

24 episoade

Artwork
iconDistribuie
 
Manage episode 284214319 series 2870328
Content provided by Alex Howlett. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alex Howlett or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Our society is becoming increasingly indebted. This is creating financial instability and slowing down our economy. Some people suggest that the solution is to have periodic "debt jubilees" in which the debts of private individuals are completely forgiven. This process can quickly become complicated. What about the people who are depending on cash flows from those debts being paid?

What would happen if the government paid people's debts for them? How does that compare to an ongoing basic income that makes it easier for people to pay their own debts? If we periodically have to press a reset button on our debt, is it a sign of a deeper problem in our economy?

For optional reading, we have a recent article from Democracy Journal by Richard Vague entitled, "It's time for a Debt 'Jubilee'"
https://democracyjournal.org/arguments/its-time-for-a-debt-jubilee/

Previous related Boston Basic Income topics have included:

https://youtu.be/7_tG_QBfR54 — BBI #20: National Debt
https://youtu.be/iwSNkGTJYts — BBI #49: Debt and Credit
https://youtu.be/_uWVbG6Yezc — BBI #117: Sovereign Money

Photo by Mohamed Nohassi on Unsplash
(https://unsplash.com/photos/odxB5oIG_iA)

  continue reading

24 episoade

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