Debt Jubilees: Moral Hazard vs Fairness
Uncle Jim’s World of Bonds - En podcast af Jim
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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?
