Episode 587: Jubilee! (?) : Planet Money Iceland is trying out an idea from the Bible. What happens, when you just wipe debt clean?

Episode 587: Jubilee! (?)

Episode 587: Jubilee! (?)

  • Download
  • <iframe src="https://www.npr.org/player/embed/368723679/368764618" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Protesters in the U.K. call for a jubilee Flickr/paulmiller hide caption

toggle caption

There's an idea that dates back at least to biblical times. 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: the story about a country that is actually trying a jubilee. Iceland.

Music: Andrew Bird's "Give it Away" and Bara HeiĆ°a's "I Got Your Back." Find us: Twitter/ Facebook/ Spotify/ Tumblr.