Should we just forgive everyone their debts of all kinds? E.Warren says that would reduce inflation.

I feel bad for the people - the mostly poor people - who were snookered into paying for one of those worthless degrees at a for-profit diploma factory, many of which have gone under and now are under federal investigation. We could help them.

But in general I think that student debt forgiveness creates too much moral hazard to make it a worthwhile policy.

insurance industry set up for exactly that scenario.

What I love is that forgiven debt is typically treated as income, but not the student loans. Complete horseshit. You borrow $ you pay it back.

That way we would get a little of the largess back.

Basically a huge bleeding heart, unless you disagree with her.

But it does bother me that it isnt addressing the problem of college cost inflation.