https://en.wikipedia.org/wiki/Jubilee_(biblical)#Origin_and_purpose
It's fascinating how this gave everyone a chance at economic freedom (the rich and poor alike). This discouraged slavery/pauperism as well as excess; unlike how our society is today.
I've been reading in Leviticus and have noticed how they were commanded to NOT loan money at interest among themselves. In the Sabbatical year Loans and Debts were to be forgiven. I wonder how people didn't misuse this ordinance by just not paying their debtors even in times when they had the means to do so. (Perhaps an agreement was made on a payment plan of some sort)
In contrast to our current system, bank loans, student loans, credit cards, mortgages are all charged at interest. They are rarely forgiven and continue till they have been paid in full.
Quote:
This fiftieth year is sacredit 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 (CEV free translation)
It's fascinating how this gave everyone a chance at economic freedom (the rich and poor alike). This discouraged slavery/pauperism as well as excess; unlike how our society is today.
I've been reading in Leviticus and have noticed how they were commanded to NOT loan money at interest among themselves. In the Sabbatical year Loans and Debts were to be forgiven. I wonder how people didn't misuse this ordinance by just not paying their debtors even in times when they had the means to do so. (Perhaps an agreement was made on a payment plan of some sort)
In contrast to our current system, bank loans, student loans, credit cards, mortgages are all charged at interest. They are rarely forgiven and continue till they have been paid in full.