Sumerian Solution to US DebtThe New York Times proposed a radical solution to the US debt problem: revive the ancient Sumerian principle of “amargi”, which called for wiping out public debt and restarting the system.
Similar resets were used around 2400 BC when debt threatened the economy. The authors argue that if growth, higher taxes and inflation cannot solve the problem, it may be time to change the rules and forgive $40 trillion in government debt.
@futures
