Reply to thread

Message

<blockquote data-quote="Box Ox" data-source="post: 5812986" data-attributes="member: 48469">Not do stuff like this during periods of high inflation. Corporations can see it too.<a href="https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-49-billion-approved-student-debt-relief" target="_blank">Biden-Harris Administration Announces Additional $4.9 Billion in Approved Student Debt Relief | U.S. Department of Education</a>January 19, 2024&quot;Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $136.6 billion for more than 3.7 million Americans.&quot;<a href="https://www.richmondfed.org/research/national_economy/macro_minute/2022/mm_10_11_22" target="_blank">Student Debt Cancellation and its Inflation Impact | Richmond Fed</a>October 11, 2022&quot;A key concern about the debt forgiveness program is its inflationary impact in an environment where inflation has been persistently elevated for over a year. In this post, we provide a back-of-the-envelope calculation of the program&#039;s inflationary impact. It is based on a specific view (known as the <a href="https://www.richmondfed.org/publications/research/economic_brief/2022/eb_22-39" target="_blank">fiscal theory of the price level</a>) of the federal budget and how it interacts with monetary and fiscal policies.&quot;</blockquote>

[QUOTE="Box Ox, post: 5812986, member: 48469"] Not do stuff like this during periods of high inflation. Corporations can see it too. [URL='https://www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-49-billion-approved-student-debt-relief']Biden-Harris Administration Announces Additional $4.9 Billion in Approved Student Debt Relief | U.S. Department of Education[/URL] January 19, 2024 "Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $136.6 billion for more than 3.7 million Americans." [URL='https://www.richmondfed.org/research/national_economy/macro_minute/2022/mm_10_11_22']Student Debt Cancellation and its Inflation Impact | Richmond Fed[/URL] October 11, 2022 "A key concern about the debt forgiveness program is its inflationary impact in an environment where inflation has been persistently elevated for over a year. In this post, we provide a back-of-the-envelope calculation of the program's inflationary impact. It is based on a specific view (known as the [URL='https://www.richmondfed.org/publications/research/economic_brief/2022/eb_22-39']fiscal theory of the price level[/URL]) of the federal budget and how it interacts with monetary and fiscal policies." [/QUOTE]

Verification