Shmittah

Lying fallow during the Shmittah year — the way to avoid financial meltdown

By Daniel Easterman, April 4, 2014

The global economic crash of 2008 might have been avoided if bankers had followed the ancient biblical principle of shmittah.

That is the view of Rabbi Julian Sinclair, an Israel-based economist and environmental activist.

Shmittah is the ancient religious injunction under which farmers allow agricultural land to lie fallow every seventh year.

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