1) this would be a TERRIBLE policy 2) ...so, yes, it IS surprising that no politician is pushing ithttps://twitter.com/robinhanson/status/1164170949920301056 …
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Debt forgiveness is bad policy in part because it removes moral hazard. That is, it removes disincentive to take risky loans you cant pay back. Likewise, bailing banks out of giving bad loans to repackage as securities removed that moral hazard, so they're doing it again.
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