Here’s one thing I don’t understand: does loan cancellation consist of the government paying off the loan, or is it a legal nullification of somebody’s loan? If it’s the former, I get economic concerns. If it’s the latter, then I really don’t see arguments against loan cancellation as very credible.
Here’s one thing I don’t understand: does loan cancellation consist of the government paying off the loan, or is it a legal nullification of somebody’s loan? If it’s the former, I get economic concerns. If it’s the latter, then I really don’t see arguments against loan cancellation as very credible.