You are correct the anti-inflation act is hot garbage, and accelerated inflation immediately. You are incorrect about the exact specifics about the Direct Stud

You are correct the anti-inflation act is hot garbage, and accelerated inflation immediately. You are incorrect about the exact specifics about the Direct Student Loan program refunds - anyone who had made payments during the pandemic can be refunded. You are still generally correct though - inflation is caused by several things, M1 and M2 money supply, employment, demand, supply, and sentiment. Everyone not paying their loans decreased demand for jobs, as that was the primary motivator for many to work. Additionally, the money printed and disbursed to colleges not being paid back leads to another increase in money supply, since the money never gets repaid, and a few select loan companies are now holding very large U-O-ME's, which the department of education seemingly is going to average between all of us, by forgiving it, further adding to the printed money pile.