Student loan forgiveness proposals bad macro econ policy, says Wolfers

December 6, 2020 Chicago Tribune

Most of the [student loan debt] relief would go to people who don't need it and would merely sock it away. "This is the worst macro policy I've ever heard of," said Wolfers. It would make far more sense to funnel money to low-income and unemployed people, who would be likely to use it for food, clothing and housing.

Click to read the full Chicago Tribune commentary by Steve Chapman about student loan forgiveness proposals