Debt Jubilee, Inflation a Jubilee of sorts.

It just occurred to me reading this.( 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.

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.


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