It is such an important idea, Jubilee, that Jesus begins his ministry with this. Jesus is a young man, he's met with the rabbis, impressed everyone, people are talking. The elders say, he's a clever guy, this Jesus, but he hasn't done much... yet. He hasn't spoken in public before...
When he does, his first words are from Isaiah: "The Spirit of the Lord is upon me," he says, "because He has anointed me to preach good news to the poor." And Jesus proclaims the year of the Lord's favour, the year of Jubilee. [Luke 4:18]
What he was really talking about was an era of grace — and we're still in it.
National Prayer Breakfast (2006)