Charles Goodhart and Michael Hudson — Some ways to introduce a modern debt Jubilee

Summary:
The increasing income and wealth inequalities within countries is one of today’s great social concerns. This column describes how the tendency towards increasing indebtedness in much earlier societies was held in check by debt-cancellation Jubilees, and discusses ways to deal with today’s debt overhang and accompanying wealth inequalities. The funding of a modern Jubilee could come mostly, perhaps entirely, from a land/or property tax. Vox.euSome ways to introduce a modern debt Jubilee Charles Goodhart, Emeritus Professor in the Financial Markets Group, London School of Economics, and Michael Hudson, President, The Institute for the Study of Long-Term Economic Trends; Distinguished Research Professor of Economics, University of Missouri

Topics:
Mike Norman considers the following as important: debt jubilee, History of Economics, inequality

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