The point of double entry bookkeeping is the trinitarian result of the accounting equation namely its equation/equilibrium process and ultimate problem resolving result…which is 0. Economically/Systemically thats enlightening…but the zeroing/trinitarian point is essential for full understanding because scientifically/mathematically defining the problem doesn’t necessarily lead one to true thirdness solutions. In other words the apparent trinity of problem identification, action to equate it that only momentarily fixes the problem but doesn’t CONTINUALLY solve it…isn’t the wisdom of a true trinity. And thats why “a modern debt jubilee” isn’t going to resolve the present Debt Only monetary paradigm any more than it did for the ancients…because it isn’t implemented at the single continuously ongoing, universally experienced/participated in, that is aggregative as in macro-economic point in the entire economic process namely retail sale with:
1) enough of a beneficial effect that it will be irresistible to both parties involved,
2) mathematically large enough that “normal” attempts at gaming it like garden variety inflation won’t undo its resolving effects and
3) exposes extraordinary attempts of same like leveraging up speculators so as to short the currency become obviously unethical to even moral and ethical morons like neo-classicalists and libertarians.
Hence, the 50% Discount/Rebate policy at retail sale. Which with its Strategic Monetary Gifting undoes the destabilizing effects of the current monopolistic monetary paradigm of Debt Only…CONTINUOUSLY and so makes every day Christmas Day!