Well, that means all government bonds would be written down to zero. Have you considered what would happen along the way?
Yep. The financialization of our economy would be ended and credit would be tightened as the day of Jubilee grew closer and closer.
And my grandchildren would get to live in a country absent of the debt of past generations.
It won’t be easy, but it’d be better than having children born into debt bondage.