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Some ways to introduce a modern debt Jubilee

Goodhart, Charles and Hudson, Michael (2018) Some ways to introduce a modern debt Jubilee. VoxEU.

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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.

Item Type: Article
Official URL:
Additional Information: © 2018 CEPR
Divisions: Financial Markets Group
Subjects: H Social Sciences > HG Finance
Date Deposited: 13 Jun 2018 15:57
Last Modified: 30 Sep 2021 23:06

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