Atlantic op-ed claims Biden student loan handout ‘actually’ will ‘cut inflation’
Fox News
Columbia University Professor Joseph E. Stiglitz claimed in an op-ed for The Atlantic that there will be “valuable economic upside” from Biden’s student loan handout.
Alexander Hall is an associate editor for Fox News Digital. Story tips can be sent to Alexander.hall@fox.com.
"Whatever your view of student-debt cancellation, the inflation argument is a red herring and should not influence policy. Taking that logic to the extreme, canceling food stamps would do far more to reduce inflation—but that would be cruel and inhumane, and fortunately, no one has suggested doing so," he said.
He suggested the possibility that rather than worsening inflation, student loan handouts could possibly reduce that issue which has become a hallmark of the Biden economy.
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