Yep. Our economic thinking is completely upside down. Instead of asking “what it would cost,” we should be asking what it costs to keep all that money out of circulation.
Your daily reminder that cancelling student debt would have one of the largest bottom-up stimulus effects in American history. $1.8 trillion, currently going to loan servicers, would suddenly go toward housing, food and local businesses.
Apr 23, 2021 · 8:50 PM UTC
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