Yom Kippur Supposed to Be a Day of National Debt Forgiveness

It was on the tenth day of the seventh month (in the month of Tishri), on the Day of Atonement, that the horn… was sounded, proclaiming liberty throughout the land…. All hereditary land possessions that had been sold (usually because of financial reverses) were returned, and each man returned to his family and his ancestral possession. No family was to sink into the depths of perpetual poverty. 

 

The wonderful provision of the Jubilee year can better be appreciated when one considers not only the beneficial results to the individual Israelites but especially the effect on the nation as a whole. When the Jubilee arrangement was properly observed, the nation was restored in the Jubilee year to the full and proper theocratic state that God purposed and established at the beginning. Government was on a sound basis. The national economy would always be stable, and the nation would have no crushing debt. (De 15:6) The Jubilee brought about a stable standard of land values and also prevented a great internal debt and its resultant false prosperity that brings inflation, deflation, and business depression.

 

The Jubilee law, when obeyed, preserved the nation from gravitating to the sad state that we observe today in many lands, where there are virtually only two classes, the extremely rich and the extremely poor. The benefits to the individual strengthened the nation, for none would be underprivileged and crushed into unproductiveness by a bad economic situation, but all could contribute their talents and abilities to the national welfare. With Jehovah providing blessings of the yield of the ground and with the education that was provided, Israel, while obedient, would enjoy the perfect government and prosperity that only the true theocracy could provide.—Isa 33:22. book link below: Insight on the Scriptures