Finally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name— erasure, repudiation, abolishment, cancellation, jubilee—debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis.
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I do not agree with debt forgiveness, I have worked hard for years with no debt doing it the hard way without the need to seek finance this cancellation of debt would be a slap in the face to people like me.
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