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What would be the result to the global economy if a percentage of everyone's debts were just forgiven?
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With global debt at $244 trillion, there is a considerable amount of anxiety about cost of living, debts, government spending, student debt, bad mortgages, etc. going around these days. So why not just make an agreement, globally, to just cut the debts?
I mean. Money has no inherent value, it's just a means of assigning value to things. So what happens if we just collectively go, "You know what? This debt we owe each other should just be reassigned a smaller value."
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