All debt, both public and private, is eliminated in an incentivized asynalagonomy because money has no relevance or meaning in a society without trade. Everything is free. It can be obtained without cost so long as personal privilege exists for possessing it. Privilege is not something that is traded. It is merely exercised. It cannot be depleted. It can only be lost if a person decides to stop working, performs in substandard ways when audited or breaks laws and is so adjudicated. The result is complete and permanent relief from debt for all citizens. As for the nation as a whole, only foreign debts are owed during the transition, where that may apply. The difference may be resolved through the Foreign Resource Electronic Exchange System (FREE).