Jubilee Day: January 5th on even number years

A periodic demurrage cycle is applied every two years, where every balance reverts back to the initial amount of zero based on an equal share of the time reserve.

This prevents excessive debt, discourages hoarding of credits, avoids inflation, and prevents extreme income inequality.

This demurrage cycle also allows for a recalculation of the GDP per capita and the working hours to produce the GDP per capita to set the credit and debit limits for the next two years.

Jubilee Day: January 5th on even number years

A periodic demurrage cycle is applied every two years, where every balance reverts back to the initial amount of zero based on an equal share of the time reserve.

This prevents excessive debt, discourages hoarding of credits, avoids inflation, and prevents extreme income inequality.

This demurrage cycle also allows for a recalculation of the GDP per capita and the working hours to produce the GDP per capita to set the credit and debit limits for the next two years.