Episode 587: Jubilee! (?) : Planet Money There's an idea that dates back at least to biblical times. That there should be a moment when debts are forgiven. Its called a jubilee. One country tried it.
NPR logo

Episode 587: Jubilee! (?)

  • Download
  • <iframe src="https://www.npr.org/player/embed/506763952/506769102" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Episode 587: Jubilee! (?)

Episode 587: Jubilee! (?)

Episode 587: Jubilee! (?)

  • Download
  • <iframe src="https://www.npr.org/player/embed/506763952/506769102" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

There's an idea that dates back at least to biblical times. That there should be a moment when debts are forgiven. Its called a jubilee.

The jubilee has not gotten a lot of traction in the modern world. You may remember after the financial crisis, some of the Occupy Wall Street protesters were calling for a jubilee. But it basically ended there.

Today on the show, we go to a country that tried it to see if it really works out as planned.

Music: "Tensile Strength" and Bara HeiĆ°a's "I Got Your Back." Find us: Twitter/ Facebook.