Hacker News new | ask | show | jobs
by brnaftr361 1514 days ago
You can't practically quantify this. If we forgive current loans, you could assess a dollar value - but what you can't do is project what those individuals will do once that debt is forgiven. Buy a new car? Take out new loans? Shopping spree? Or what precedent it sets for the public contemporaneously. Or what precedent it sets for the future. What we're not doing is working in a vacuum.