Quote:
Originally Posted by Versus
I can already see the conservative justification for it to be made illegal.
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Conservative economists will probably say that mass debt cancellation will cause inflation, which is hilarious because inflation is good for those in debt. (if you have $50,000 of debt and the dollar loses half it's value, your debt is also halved.)
Conservative pundits will probably make the argument that moral people always pay their debts, and therefor it's immoral to cancel them.
Liberals will probably make the argument that this kind of mutual aid will crash the economy, and that the only way out of debt will be to produce ourselves out of it FDR style, while ignoring that this will lead to an overproduction crisis which will eventually bottom-out and leave us in a 1930's style depression...except with environmental devastation on top of it, so the liberal capitalists can start turning a profit off clean air.