If debt forgiveness is bad politics because of resentment I think that’s worth considering even though the resentment wouldn’t be justified. But I think the idea that the forgiveness would be super regressive isn’t that justified. This is 2013 but:
About half of Americans now do some post high school education. A lot of people have student loans. Also to the extent we worry about the politics, currying favor with a massive Twitter set of journalists by giving them money seems like good politics.
And here’s a great thread showing the stimulative benefits of loan forgiveness that’s almost a randomized controlled trial. The multiplier on a lot of the loans would be solid. https://twitter.com/rortybomb/status/1172174527524220928?s=20
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