Jubilee

Wikipedia: A jubilee is a particular anniversary of an event, usually denoting the 25th, 40th, 50th, 60th, or 70th anniversary. Of biblical origins, the term is often now used to denote the celebrations associated with the reign of a monarch after a milestone number of years have passed.

Wikipedia: A debt jubilee is a clearance of debt from public records across a wide sector or a nation. Such a jubilee was proposed as a solution to debt incurred or anticipated during the 2020 coronavirus recession.[1][2] The American economist Michael Hudson was a proponent of a debt jubilee, writing in a Washington Post op-ed that it was an alternative to a depression.[3][4] Similarly, anthropologist David Graeber pointed to kings' historical use of debt jubilees during regime changes to suggest that a debt jubilee would have been an appropriate response to the 2008 financial crisis.[5]