Re:The Covid-19 pandemic is forcing a rethink in macroeconomics
by dv_dt on Friday July 24, 2020 @06:13PM
(#23945032)
If it's a problem for debtors it will be a problem for just about every past college student in America starting at least a decade ago.
Now, I think we should forgive most if not all student loans, and start paying for an education, but if the system insists on the majority of college degree seekers carrying student loans then you have a huge problem with deflation.
It would also be a massive problem for corporate debt right now. I think the central bank would rather print money by the Trillions then allow deflation at scale.
Now, I think we should forgive most if not all student loans, and start paying for an education, but if the system insists on the majority of college degree seekers carrying student loans then you have a huge problem with deflation.
It would also be a massive problem for corporate debt right now. I think the central bank would rather print money by the Trillions then allow deflation at scale.