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This is not really helicopter money in that sense, you’re not giving out unallocated free money, you’re just doing cash flow relief. I think there is a good ar

This is not really helicopter money in that sense, you’re not giving out unallocated free money, you’re just doing cash flow relief. I think there is a good argument to make that cancelling that debt, and fixing the US college system, would likely result in more innovation: folks who come from (lower) middle class backgrounds could finally take more risk and try new jobs / start startups that they can’t today because of the money they need to put into debt service.

gruez 5y ago
> This is not really helicopter money in that sense, you’re not giving out unallocated free money, you’re just doing cash flow relief. That's if you're only looking at the repayment stage of the loan in isolation. The way loans work is that: 1. you get money upfront in exchange for nothing 2. you pay it back If you take out the second step ("cash flow relief"), then all you have left is "you get money upfront in exchange for nothing" which is the definition of helicopter money.