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> Why would you forgive student loans? That way you reward incompetence It's the opposite: it's a step toward removing the moral hazard that allowed predatory
by spopejoy 7y ago
> Why would you forgive student loans? That way you reward incompetence
It's the opposite: it's a step toward removing the moral hazard that allowed predatory loans to be offered to students in the first place. The logical end-point is to get back to free or affordable tuition.
> Instead, you should give each young person $300k
Admirable suggestion, but how does that _not_ create perverse incentives to e.g. blow it all speculating on Hearthstone cards?
- imtringued 7y agoThey could also decide to buy stocks and then the entire idea becomes meaningless.