Canceling Student-Loan Debt Is a Bad Idea
“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
Henry Hazlitt
1.If Government pay the banks and " Cancel " student loans all the students that decided to pay instead of getting a credit feel stupid
2.People that studied and went to college are the least probable to lose their job in COVID. If you work in a restaurant probably you don't have a student loan.
3.The student that paid his loan yesterday is going to feel stupid.
4.When you sign a contract and you can escape by government intervention you become spoiled.
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