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Check out the latest from the Capital Research Institute "Jubilee, An Idea Whose Time Has Come":
Could debt forgiveness kickstart America’s economy? The answer is yes. It is something the Capital Research Institute has previously suggested. As suggested in the article, on its own it is not enough. But it is a crucial step in the right direction.
Now, many people are weary of debt-forgiveness because it reminds them of the government bailouts, that it is stealing from those who lent their hard-earned savings to others. Superficially, it is a legitimate comparison, but it does not hold up. For one, while the bailouts helped a small group, financial institutions that by and large serve as a proxy for the richest segment of society, a jubilee would be universal. Secondly, while the bailouts created moral hazard (the expectation that TBTF were bailed out once, so management doesn’t care if they go bankrupt again, they will be bailed out no matter what) Jubilee would be established under absolute terms, it will only happen once every 50 or 70 years.
good Ransqueek has found a staffer that isn't glowing toxic green and yellow today ...only problem is without the distraction of watching the day-glo colour rainbow display it rather focuses the mind on the dullness of the watching paint dry like commentary itself !
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