My own view on student debt is that
1) the college funding system is monstrouly perverse and needs to be changed fundamentally
2) the byproduct of that is a lot of very very bad and predatory debt that's having terrible human and economic costs that should be cancelled
1) the college funding system is monstrouly perverse and needs to be changed fundamentally
2) the byproduct of that is a lot of very very bad and predatory debt that's having terrible human and economic costs that should be cancelled
3) there *will* be political backlash, of course.
4) total debt cancellation would produce some very weird and bad distributional outcomes that while relatively small would be genuinely politically toxic and substantively indefensible.
4) total debt cancellation would produce some very weird and bad distributional outcomes that while relatively small would be genuinely politically toxic and substantively indefensible.
5) it's easy to avoid that pitfall but just capping the total amount per lender forgiven.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
