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25 sats \ 0 replies \ @faithandcredit 26 Aug 2022 \ parent \ on: Actually, Canceling Student Debt Will Cut Inflation bitcoin
in my opinion It creates inflation (dont know how much) because
- The students now have more money for consumption increasing demand for goods and services
- Students could also take on new debt and use that for consumption unless they are specifically prohibited from borrowing money again for a while which i doubt
- As you mention, where did the money to repay the loans come from? Its most likely created out of thin air which is a privilege the government has had for a while.
so yea, inflation all the way, sad :)