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>TL;DR The health of the economy is more important than your moral high ground. Will the economy be more healthy? I see little evidence for the assertion. It
by gozur88 10y ago
>TL;DR The health of the economy is more important than your moral high ground.
Will the economy be more healthy? I see little evidence for the assertion. It's possible the damage done by all that debt cancellation will be greater than any benefit.
- toomuchtodo 10y agoStudent loan debt that can't be discharged drags down discretionary spending, spending which drives the economy. Cancelling the debt might cause a negligible amount of inflation. http://www.businessinsider.com/3-charts-explain-the-effect-of-student-loans-on-the-economy-2015-5 http://www.businessinsider.com/3-charts-explain-the-effect-o... http://time.com/10577/student-loans-are-ruining-your-life-now-theyre-ruining-the-economy-too/ http://time.com/10577/student-loans-are-ruining-your-life-no...
- ArkyBeagle 10y agoThe projected amount of inflation probably still won't push growth into the Fed's target.