Cohn quiet on student loan cancelation plan
August 25, 2022
Liberal economists Larry Summers and Jason Furman are blasting Joe Biden’s student loan debt cancelation because it will make inflation worse.
Furman notes, “Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless.”
And Summers said, “Student loan debt relief is spending that raises demand and increases inflation…It will also tend to be inflationary by raising tuitions.”
Alan Cohn has been awfully quiet on this scheme though.
Is it because he would benefit financially from the reckless plan?