If you don’t see that our deflationary world is becoming an inflationary world, you’re just not paying attention.https://twitter.com/ewarren/status/1120296821300060160 …
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But it seems to me that there’s an externality here. Some fraction of student-debtors newly unburdened from debt might take on a higher value/risk activity. Quit a bullshit job, force automation of it, and create new wealth. Delayed freedom/innovation dividend.
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I think many people will FEEL better. Which is the whole political point. In my experience, the core human response to feeling better is to consume more good-feeling things, not make an entrepreneurial investment in time/money. But I hope you’re right.
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