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am1on

Re:Cancelling student debt is essentially printing money on Friday August 26, 2022 @12:45PM (#32609781)
technically it is destroying money due to the way loans are treated on bank balance sheets.

a loan is an asset to a bank and a liability to a borrower.

forgiving a loan destroys it as an asset (money-like) and causes deflation from a money supply standpoint even if it does increase the buying potential of a borrower.

Since all federal student loans are still in payback pauses for covid this will have negligible effects

CO2 is plant food
Re:'Children of Men' is happening on Saturday March 19, 2022 @02:00PM (#30736007)
compulsory education is hardly an incentive to child bearing. if anything those who have kids wish to decide what is best for kids without state compulsions
Re:'Children of Men' is happening on Saturday March 19, 2022 @01:59PM (#30735996)
i doubt elon musk is actively involved in any of his children's lives
i hope they factor in the petroleum and coal used for manufacturing, maintainence, transport and backup power