Debt Jubilee, Inflation a Jubilee of sorts.


It just occurred to me reading this.( http://www.golemxiv.co.uk/2012/04/vulturecrats/#comment-24762 Inflation could be seen as a sort of built in Debt jubilee, by stealth.

The doubling time at 2% inflation is 35 years.

Biblical jubilees were every 50 years or so. Implying an indexed jubilee rate of inflation of 1.4%

70/50= 1.4%   Back of an envelope stuff, the property developer in me is taking a long time to exorcise.


http://homework.uoregon.edu/pub/class/es202/exp2.html

http://en.wikipedia.org/wiki/Jubilee_(biblical)


This is a very fair blog discussing and trying to get to grips with the idea of Debt Jubillee, Reading the comments is helpful too.

http://dollarcollapse.com/articles/is-a-debt-jubilee-the-next-big-meme/



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