Canceling debt is not free. It will cause additional inflation, devalue the money in your pocket even more and make housing more expensive.
The reason is simple: student loan debt payments are revenue for the government and if that revenue disappears, the government will borrow more money (i.e. print more) to compensate.
When debt is money, cancellation of debt is destruction of money.
Another option could have been crediting against loans to retail lenders for every $17,000 sent to 'Banks' (to bolster financial institutions balance sheets) for every $1,000 stimulus check sent to US citizens -- This would boost the available credit and economic health of 'retail' and give them a real economic 'reload'--AND save the balance sheet---instead...they are trying to double dip....blood from a stone style--- WE're terribly inefficient with our allocations and expenditures; because it's not about what is best for The People --- it's about the 'private interests' of 'purchased politicians' --- BTC will fix this. --- Let's get it!
We've already seen what happens with pausing loan paybacks.
Inflation, to make up for it.
