@lriv724@discuss.online to Asklemmy@lemmy.ml • 7 months agoIs canceling student loan debt considered stealing?message-square54arrow-up147file-text
arrow-up147message-squareIs canceling student loan debt considered stealing?@lriv724@discuss.online to Asklemmy@lemmy.ml • 7 months agomessage-square54file-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.workslinkfedilinkEnglish1•7 months 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•7 months 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.