Such a jubilee was proposed as a solution to debt incurred or anticipated during the COVID-19 recession.
[1][2] The American economist Michael Hudson is a proponent of a debt jubilee, writing in a Washington Post op-ed that it was an alternative to a depression.
[3][4] Similarly, anthropologist David Graeber pointed to kings' historical use of debt jubilees during regime changes to suggest that a debt jubilee would have been an appropriate response to the 2008 financial crisis.
[5] Australian economist Steve Keen is a proponent of debt jubilee.
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