Paying down debt rather than buying stuff makes too much sense for this administration to endorse.
I’m pretty sure that would be raciest.
Which is surprising since he’s the go-to guy for criticisms of Brandon’s spending policies.
I paid you student loans. Where’s my rebate?
“””Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers””””
It looks like Biden’s Democrat friends are throwing him under the bus.
Long student debt repayment moratorium + continued inflation over a long enough run of time effectively eliminates that student debt as a personal economic burden. Of course it screws up the economy for everybody else, but that’s never really been much of a concern among the Democrats.
if they push to ‘forgive’ student loans...
my mortgage will self identify as a student loan
I don’t know about inflation, but it will help the bankers. Somebody is always looking out for the bankers.
EVERY reduction of government and monetary largess reduces inflation.
And every increase, increases inflation.
It’s axiomatic.
Harvard Professor. Stopped reading there.
This topic seems to be getting a lot of traction these days. Makes me wonder if something is on the horizon regarding student loan forgiveness.......
When do the universities pay the price for defrauding students, parents and taxpayers for their garbage majors? Black studies? Queer studies? Women’s studies? Social work? Sociology? Labor studies? Theater arts? Lit Crit? Communications? General business? All bovine excrement!
He’s as goofy as Paul Krugman.
Summers got into trouble a few years ago when he strayed off the reservation and suggested that there might be a biological reason why the world’s best mathematicians are men (not discrimination against women).
One would think that would only increase inflation.
A long time friend of mine has a student loan balance.
SHE has continued to pay the full payment amount & often extra thru all of COVID.