21 sats \ 2 replies \ @kr 13 Jun 2022 \ parent \ on: Where do we go from here? bitcoin
It feels like the talk about forgiving student loans in America is a step in that direction, but I wonder if that's enough to meaningfully alter the economy or purchasing power of Americans.
Total outstanding student loan debt is only $1.7 trillion today, far more was printed in just the last two years alone. Maybe mortgages next?
as someone still working on paying off 300k+ in student loans the idea of loan forgiveness with zero regard to root cause is so asinine as we'll be back in the same place in a few years with new borrowers carrying even higher debt loads.
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Mortgages would be an interesting debt to forgive. It would go over great with the "voting class."
I'd expect more airdrops too.
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