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Interesting reset concepts

Rolling Jubilee is about to kick off, billing itself as “a bailout of the people, by the people, for the people.”

Other comments I’ve seen on this:

I like the idea, in some ways especially the “random acts of kindness” aspect of it. One imagines there’s no way they could actually eliminate any significant fraction of American personal debt, so in some sense randomly is the ‘fairest’ way to try to help anyone. Although they will get some prety impressive ‘bang for the buck’ (in a more literal than usual sense).

This also led my husband and I to look a bit into the actual Bilblical concept of the Jubilee — which turns out to have probably made sense in ancient Near Eastern cultures for reasons including provisioning the armies. See Michael Hudson‘s article in Bible Review 15:01 (1999) “The Economic Roots of the Jubilee.”

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