4 ms·
This is true. Canceling student debt is basically like printing money, and is likely to lead to inflation. Student loans themselves were like the government ha
by musicale 4y ago
This is true. Canceling student debt is basically like printing money, and is likely to lead to inflation.
Student loans themselves were like the government handing out money to banks (guaranteed interest on large amounts of secured debt) and universities (empowered/incentivized to raise tuition and fees drastically for decades with impunity.)