Yes, but it was already embedded into the society,
and could be corrected for
Who, however, would lend money,
knowing the loan was to be forgiven in one year?
Modern Commerce would grind to a halt,
well in advance of the Jubilee
Dear Judge.... could be a good thing if folks work on the pay-go system. We could drift away from being a “consumer” economy and go back to making real hard goods.
Besides the joy of seeing unemployed bankers would be refreshing.
Ciao!