Season 1 · Episode 78
How practicable is a debt jubilee?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
December 4, 201731m 38s
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Show Notes
Professor Steve Keen has often spoken of the need for a debt jubilee. If households can write off their ever expanding, mortgage driven, debt, then we reduce the risk of asset bubbles and consumer spending drying up leading to recession or depression. But, Phil Dobbie asks, how would it work in practice? Has it been tried anywhere and what are the possible side effects?
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