6th December 2013 – The ancient Hebrew approach to avoiding boom & bust

“This fiftieth year is sacred—it is a time of freedom and of celebration when everyone will receive back their original property, and slaves will return home to their families.”

—Leviticus 25:10

A few years ago, I came across a really interesting idea about property rights. I was listening to a radio programme, broadcast from a church in the City. It was an ecumenical discussion, involving different faiths and examined the morality of debt driven economies. I wish I had kept the podcast, but one contributor was a Rabbi, who introduced me to the ancient Hebrew idea of a “jubilee”.

 

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