by Summary:
Some people may see this as a moral victory, but in the macroeconomics sense, nobody wins from this. In fact, we all lose. 
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Mike Norman considers the following as important:
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Some people may see this as a moral victory, but in the macroeconomics sense, nobody wins from this. In fact, we all lose. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Some people may see this as a moral victory, but in the macroeconomics sense, nobody wins from this. In fact, we all lose.  |
Great work as always Mike!
The generation older than me went to university for free. My generation got loans and grants, and could declare bankruptcy. My kids will pay 12k per year.
Neoliberalism converts public goods, that pay for themselves, into private debt, and public harm (macroeconomic failure)
ALL of our problems with schools comes down to the fact that we just cannot accept people are not equal.
Unfortunately we're not taught about the dangers of debt and compound interest, so most of us get suckered right out of highschool. If i knew then what i know now. I would've never applied for student loans. I would've worked, saved and took classes. They should really teach highschool students and the dangers of debt, that won't happen tho, we need to be debt slaves to make this economy work
Forgiven student would have super charged corporate earnings, 401ks, small businesses,…
Oh well 😢
Ideology over economics
Enslaving our children to the baking class is outright evil. I paid my student loans off a long time ago, so my opinion isn't self-serving. Of course, the whole system is EVIL, not just the loans. WHY are we sending so many kids to college who don't belong there? Because the government outlawed employer tests because of "disparate outcomes"
you're not wrong but biden & rest of the gang could have cared less bout debt forgiveness except they used it as a campaign ploy and startin to look like gonna try the same with reparations. what a sick joke it is on voters.
No matter cost on economy, I think it's very easy to understand not to take a loan unless you expect to pay it. Nonsense to start paying off only part of populations debt. The moral victory was the right path. Imo imo imo 🎉
You should give all your courses for free Mike and about $25k to get ppl started trading. Thing about how much you’ll gain from stimulating the economy.
When I’m looking for entertainment and wisdom I come here.
It’s not a closed vacuum Mike….money is infinite. Remember?
Don’t worry….they’ll just inflate it away