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It's a great reminder that a policy of secularly low inflation is a gift to creditors at the expense of debtors. Inflation wiped out more real student debt in 2
by bandrami 3y ago
It's a great reminder that a policy of secularly low inflation is a gift to creditors at the expense of debtors. Inflation wiped out more real student debt in 2022 than the forgiveness program attempted to.
- wonnage 3y agoOnly true if your earnings kept up with inflation
- bandrami 3y agoNo, the real value of the debt still fell even if your real earnings did too.
- user_named 3y agoNo