Originally published at Am I the Only One Dancing?. Please leave any comments there.

Wipe our Debt (Photo credit: Images_of_Money)

Occupy Wall Street has found a very interesting new cause to pursue, and are rolling it out on November 15^th (which happens to be my dad’s 80^th birthday. Happy birthday, Daddy!). They are raising money to buy up debt for pennies on the dollar and forgive it. It’s called Rolling Jubilee and there’s a good editorial by Douglas Rushkoff about it on CNN here.

Rushkoff brings up the ‘moral hazard’ issue and deals with it pretty well, simply by equating personal debt forgiveness with the business debt forgiveness that has already been done by government on a massive scale. There’s more to it than that, however.

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