News for hackers. Stuff that matters.

A comment on Soaring Student Debt Prompts Calls for Relief. Parent comment

Re:Soaring Student Debt Prompts Calls for Relief by gozur88 on Tuesday September 13, 2016 @06:25PM (#12492762)
>TL;DR The health of the economy is more important than your moral high ground.

Will the economy be more healthy? I see little evidence for the assertion. It's possible the damage done by all that debt cancellation will be greater than any benefit.

[ Parent | on HN ]
Re:Soaring Student Debt Prompts Calls for Relief by toomuchtodo on Tuesday September 13, 2016 @06:27PM (#12492771)
Student loan debt that can't be discharged drags down discretionary spending, spending which drives the economy.

Cancelling the debt might cause a negligible amount of inflation.

http://www.businessinsider.com/3-charts-explain-the-effect-o...

http://time.com/10577/student-loans-are-ruining-your-life-no...

[ Parent | on HN ]
Re:Soaring Student Debt Prompts Calls for Relief by ArkyBeagle on Tuesday September 13, 2016 @07:34PM (#12493117)
The projected amount of inflation probably still won't push growth into the Fed's target.
[ Parent | on HN ]