1) Postponing the debt payments itself was inflationary (rich kids spending more money on goods rather than their self-earned debt). This in turn produced more money chasing too few goods in the economy because that rich kid money was chasing more goods instead of paying down self-earned debts.
1) Postponing the debt payments itself was inflationary (rich kids spending more money on goods rather than their self-earned debt). This in turn produced more money chasing too few goods in the economy because that rich kid money was chasing more goods instead of paying down self-earned debts.
2) By waiving the repayments of a lot of those loans, we have extended the inflationary policy of letting rich kids chase too few goods with their money rather than using their money to pay off self-earned debts.
If the rich kids aren't paying down their debts, they're going to boozy brunch on Sundays and taking on bigger car payments and buying bigger homes. That's inflationary spending propped up by debt-waiving. That's the government sponsoring inflationary spending and fostering more wealth inequality because the rich kids made enough noise about their debt.
Genius: Biden creating unrealistic expectations for his hopeful base while making any claim that liberals care about wealth inequality basically muted with this kind of fake policy that probably won't end up passing muster.
In other words, all of this hypocrisy is for nothing more than temporary base excitement yes?
1) Postponing the debt payments itself was inflationary (rich kids spending more money on goods rather than their self-earned debt). This in turn produced more money chasing too few goods in the economy because that rich kid money was chasing more goods instead of paying down self-earned debts.
2) By waiving the repayments of a lot of those loans, we have extended the inflationary policy of letting rich kids chase too few goods with their money rather than using their money to pay off self-earned debts.
If the rich kids aren't paying down their debts, they're going to boozy brunch on Sundays and taking on bigger car payments and buying bigger homes. That's inflationary spending propped up by debt-waiving. That's the government sponsoring inflationary spending and fostering more wealth inequality because the rich kids made enough noise about their debt.
Genius: Biden creating unrealistic expectations for his hopeful base while making any claim that liberals care about wealth inequality basically muted with this kind of fake policy that probably won't end up passing muster.
In other words, all of this hypocrisy is for nothing more than temporary base excitement yes?