No offence Mark, your posts are usually quite enjoyable to read but this is nonsense of the highest order. In what world would cancelling peoples private debt be a good thing? All that would happen would be a fast return to the level of debt the population had before, but then why would people stop there, why go 200% more indent than before, 300%, 500% maybe 2000% more.... they were bailed out once before, surely it will happen again, especially if we get REALLY in debt this time.
Your plan would end the world.
No offence Mark, your posts are usually quite enjoyable to read...
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