They wouldn't and maybe it's a bad idea to enter debt that last more than 50 years. It pretty much means to borrow money that the next generation has to pay off.
I understood the original comment to mean everyone’s debt is zeroed at 50 year intervals, e.g. 1900, 1950, 2000, etc. regardless of when it started.
What you are suggesting is all debt is zeroed out 50 years after it’s issued? Then why would any borrower pay off any principle at all?
This whole jubilee thing makes no sense, may be a little bit if the jubilee happens unexpectedly so that people can’t just plan around it. But that kind of sort of happens after a war.
Jubilee only applies to debt owed between two Jews. Any costs or consequences of the jubilee are absorbed by gentiles downstream. The 2008 financial crisis is a good example of this.
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