A lot of people who know nothing about the church or the Bible have recently taken to co-opting a biblical term and using it in the context of the current fiscal calamity that augurs what some suggest is our impending global economic ruin; namely, Jubilee. Nouriel Roubini, the Turkish-born, Harvard-trained, American economist who is a professor of international economics at NYU’s Stern School of Business, suggested recently that the single most effective stratagem which the US could undertake to staunch the global economic hemorrhage would be to grant a “Jubilee” to the more than one-half of Americans who are currently underwater on their mortgages (who owe more than their home is worth).
