Would it help the economy if the Government eliminated all Debt?

Not Government debt… only personal as well as commercial activeness debt.

Lets contend a U.S. Government spoken which as of February 1st.. every businesses as well as people have been utterly FREE of their prior to debts. This equates to some debt we intend in to after Feb. 1 we have to equilibrate back. BUT we would be free from every a debt we got in to prior to Feb. 1.

This would meant each chair as well as commercial activeness would intend a purify line-up as well as not own ANYONE money.

What stroke would this have upon a economy? Please be as minute as we like.