#190 - Should We Forgive Student Debt?
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Student Loan Cancellation
Beth: Why wouldn't we want our economy to thrive? 20 years inter repayment, the typical black borrower still owes 95 % of their original balance. I think at ashley's opening comment, she's sort of alluding to the idea an duals education not just being about that individual but it's actually a public good. And also that being relieved of the tax burden frees that money upto to become stimulus in itself in the economy. So is it a stimulus? Yes. Does it address racial wealth and quality? Yes. But does it do these things very, very, very inefficiently? Yes.
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