Re:The Student Debt Problem Is Worse Than We Imagined
by Latty on Monday August 27, 2018 @04:39PM
(#17854333)
My argument would be: we should have worked harder to make the rules good in the first place. Yes, I agree that damage to the credibility of the system is bad, but it can easily be the lesser of two evils. We have release valves like bankruptcy for a reason - we don't want to get stuck in negative feedback loops.
See the current trend towards nullifying possession charges for Marijuana. Yes, it sucks for people who got punished under the old rules, and yes, it's not good to say "laws might change and you might 'get away with it'", but sometimes that is better than letting a lot of people suffer.
It's about whether rules matter. If people think the rules will be enforced, then we can all make plans based on the rules. If they don't, then all courses of action are on the table. Whatever gets the job done. That's back to rule of the strong.
See: how we treat big banks.
(Not to say we shouldn't have a debt jubilee, but that's what we risk)