lriv724@discuss.online to Asklemmy@lemmy.ml · 17 days agoIs canceling student loan debt considered stealing?message-squaremessage-square38fedilinkarrow-up15arrow-down11file-text
arrow-up14arrow-down1message-squareIs canceling student loan debt considered stealing?lriv724@discuss.online to Asklemmy@lemmy.ml · 17 days agomessage-square38fedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-squaretheonlytruescotsman@sh.itjust.workslinkfedilinkEnglisharrow-up0arrow-down1·17 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.
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.