A debt jubilee is a clearance of debt from public records across a wide sector or a nation. Such a jubilee was proposed as a solution to debt incurred or anticipated during the
COVID-19 recession.[1][2] The American economist
Michael Hudson is a proponent of a debt jubilee, writing in a Washington Post op-ed that it was an alternative to a
depression.[3][4] Similarly, anthropologist
David Graeber pointed to kings' historical use of debt jubilees during regime changes to suggest that a debt jubilee would have been an appropriate response to the
2008 financial crisis.[5] Australian economist
Steve Keen is a proponent of debt jubilee.[6]
^Graeber, David (2011). Debt : the first 5,000 years. Brooklyn, N.Y.: Melville House.
ISBN978-1-933633-86-2. This was also the goal of the
Rolling Jubilee campaign at the time.