Debt jubilee is a good idea, but doing it as a one off just enables Finance and the present oligarchy to re-dominate the 99% and every other business model but Finance…because they still wield the present monopoly monetary paradigm of Debt Only as the sole form and vehicle for the creation and distribution of all new money.

Why don’t you see the efficacy of a 50% Discount/Rebate policy at retail sale? Its a continual debt jubilee (and remember the retail point of Finance is your loan payment so you also get 50% of that payment paid by the government or the central bank in addition to the 50% off at the home builder or car dealership). Do the double entry bookkeeping that sums to zero on that policy.

Everything is a palliative reform until one cognites on the way to apply a new paradigm to a system, body of knowledge or area of human endeavor and then all of the anomalies are resolved and old realities get inverted.