Tag Archives: debt

Past time for a Rolling Jubilee

Musing about that billionaire guy who said, more than once, that rich people in general — and business-people in particular — are not job creators: Indeed, in the video, he talked about what great undeserved privileges the wealthy already have.

They sound like the people portrayed in the satirical I am a job creator: A manifesto for the entitled. Just one of many good quotes Continue reading Past time for a Rolling Jubilee

J is for Jubilee


“Proclaim liberty throughout the lands and to all the inhabitants thereof, it shall be a jubilee for you.” – Leviticus 25:10. In the Judaic tradition, during the Jubilee year, debts were forgiven and land that had been sold to repay debts was returned to the original owners. “What was sold shall remain with the purchaser until the year of jubilee; in the jubilee it shall be released, and the property shall be returned.” – Leviticus 25:28. In both Judeo-Christian and non-Biblical traditions, there has been an understanding that forgiveness of debt, when that debt becomes so onerous that one cannot ever get from under it, is both fair and practical.

Julius Nyerere, former President of Tanzania, asks, “Must we starve our children to pay our debts?” Continue reading J is for Jubilee