@lriv724@discuss.online to Asklemmy@lemmy.ml • 7 days agoIs canceling student loan debt considered stealing?message-square56fedilinkarrow-up144arrow-down115file-text
arrow-up129arrow-down1message-squareIs canceling student loan debt considered stealing?@lriv724@discuss.online to Asklemmy@lemmy.ml • 7 days agomessage-square56fedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-square@theonlytruescotsman@sh.itjust.workslinkfedilinkEnglish0•6 days agoExcept it’s new money that’s made up, and in the case of student loans, most of that money isn’t traded for goods and services, instead more than 3/4s of the money created goes back to the lender.
minus-square@curious_dolphin@slrpnk.netlinkfedilinkEnglish2•6 days agoLooks like we are not going to agree on this, which is okay—I enjoyed the discussion nonetheless. Have a nice day.
Except it’s new money that’s made up, and in the case of student loans, most of that money isn’t traded for goods and services, instead more than 3/4s of the money created goes back to the lender.
Looks like we are not going to agree on this, which is okay—I enjoyed the discussion nonetheless. Have a nice day.