The Levy Institute
The Macroeconomic Effects of Student Debt Cancellation
Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum
February 2018
Yves comments.
Naked Capitalism
New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
Yves Smith
So cancelling student debt raises demand? Who'd er thunk it? Why not cancel credit card debt and mortgage debt as well?
ReplyDeleteRaising demand costs nothing in real terms (as Milton Friedman among others explained) thus the fact that cancelling student debt raises demand is not a merit in cancelling student debt.
And I'm not, repeat not saying student debt should not be cancelled. There are arguments for and against university students paying for their courses. That's a separate (and complicated) issue.
I’d like auto debt cancelled myself... but give me a few days notice so I can go sign up for a new F-150 XLT Crew Max first before you cancel the debt...
ReplyDelete