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.
The Debt Collective 🟥 @StrikeDebt
23 Apr 2021
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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Replying to @marwilliamson
Then give $50K to the poorest American families. That money would zoom around the economy even faster.
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Replying to @marwilliamson
What a backward 3rd world country America is ,here in Scotland all education is free , including degree level at university ,oh and btw our healthcare and all associated drugs are also free
Replying to @marwilliamson
Imagine how few local businesses would have closed if, in March 2020, the federal government had started replacing wages lost due to Covid with a biweekly #UBI.
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Replying to @marwilliamson
not sure it's a good idea for gov to rip up existing contracts they're not party to
Replying to @marwilliamson
Perhaps we should also ask why money seems to be the foremost consideration in places it shouldn’t - education, health care, the prison system. Somethings should not be driven by a profit motive.
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Replying to @marwilliamson
Our economic thinking is and should remain “you borrowed the money, that means you pay it back”.
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Replying to @marwilliamson
every dollar in circulation has a negative impact on those who are not invested in the inflationary nature of the Markets. basically. every person on paycheck to paycheck has less money each time you put more into circulation
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