lriv724 to Asklemmy@lemmy.ml · 5 days agoIs canceling student loan debt considered stealing?message-squaremessage-square55fedilinkarrow-up145arrow-down114file-text
arrow-up131arrow-down1message-squareIs canceling student loan debt considered stealing?lriv724 to Asklemmy@lemmy.ml · 5 days agomessage-square55fedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-squaretheonlytruescotsman@sh.itjust.workslinkfedilinkEnglisharrow-up1arrow-down1·4 days 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-squarecurious_dolphin@slrpnk.netlinkfedilinkEnglisharrow-up2·4 days 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.