Posts tagged "debt"
By Yigal Deutscher
In the third and final mention of Shmita in the Torah, the concept of Shmita expands to directly influence economic and monetary systems. Until now (sources in Shemot & Vayikra), Shmita texts have been specifically in reference to land, agricultural practices, and annual harvests. Here, with the text of Devarim, the picture and implications of the Shmita Year is complete: Along with the practices of leaving land fallow, opening private lands as commons, collectively sharing the harvest, we are also to synonymously forgive debts. Once the Seventh Year arrives, all loans which are outstanding are released and all debts are cancelled. Here are some thoughts to consider regarding this practice (see the full text here):