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I think it's safe to say that people are generally irresponsible, all things considered. As for how to handle the mountain of student loan debt -- inflation us
by ihsw 11y ago
I think it's safe to say that people are generally irresponsible, all things considered.
As for how to handle the mountain of student loan debt -- inflation used to work as a soft form of debt relief but banks screw with people by jacking up private student loan interest rates in lockstep. We need something stronger -- actual debt relief.
- krschultz 11y agoInsisting that we need debt relief is not an argument. It's not self evident to me why we need to invalidate principal on loans. I like the idea of inflation a hell of a lot more because it benefits me as someone that paid off my loans ($80k!) in full. We can't seem to do it via monetary policy, but if you give me the choice between helicopter money and student loan debt relief, I'm going with helicopter money every time.