14 October 2011

Commercial loans & personal loans

The question is how does shemittat kesafim really work? 
Part of the shemitta releases property rights in commercial loans to stop the power of credit creation; part of it releases property rights in personal loans to relieve the impoverished condition of the poor and indigent. 
Conjecture: the commercial loans last seven years from time of transaction just like the obligation of slaves; personal loans free up on the sheviit years. 

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