The Moral Hazard of Cancelling Student Loans

This move had been long-rumored and now is here.

A good way to:
- buy votes
- punish savers, people who worked their way through college, people who did not go to college, people who responsibly paid off their debts already

And college goers who chose worse degrees, in gender studies and other leftist garbage, benefit disproportionately compared with those who got more practical degrees, since if you make a certain amount of money then you don't qualify for the forgiveness, hahaha!

It's an example of "moral hazard," where people could actually game the system, enter into a student loan contract, run up a bill, with the expectation of being bailed out.

And who bails them out?

All the rest of us. You and I.

It's another way to socialize losses and inflation to all the people, based on poor decisions by a smaller number of people.

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