LogFAQs > #974330608

Ninjaluver posted...

The reason I ignored the rest of your post is the very same reason you gave in your post: I'm getting tired of repeating myself. You didn't provide anything new or worthy of a response. Your post added nothing. I'm having the same argument I've already had over and over in this topic.

Sure, we don't know with 100% certainty that this would cause inflation. We also don't know with 100% certainty that the sun will rise tomorrow. A solar flare or a meteor could happen and wipe out all of life on earth.

However, given history and what we know about probability, it's most likely we will live to see the sun rise tomorrow. We see no evidence that the meteor or solar flate is coming. That's the general rule. Just like it's the general rule from what we've observed that almost all times you hand out money to people or increase the supply of money through printing, it causes inflation. Yes, there could be some crazy circumstance or factor that actually leads to it becoming the unique exception and not causing inflation, but we haven't seen any evidence to believe that it would be the exception. You haven't provided any, and you refuse to. So the default assumption here is that it would cause inflation as it does in the vast majority of cases. I operate in reality.

Your argument here is: "yea if I drop this lit match over the gasoline, it will most likely ignite, but we don't KNOW THAT. A wind gust could take the match away when I drop it!!! Thr amtch could be faulty and burn out before it hits the gas. You can't prove to me that this lit match will actually hit the gasoline!!! Show me the evidence that a wind gust won't happen right now!!!"

Fair enough. I get why repeating yourself is tiresome.

But, you made an unsubstantiated claim and can not provide proof to validate it that in turn also does not contradict it. If your stance can only be defended through absolutes and hypotheticals, it is not a stance worth interrogating.

You can read here about how, regardless of forgiveness, more opportunities for debt relief would open up the rest of student loan holders to more widespread opportunities in the economy.

https://www.forbes.com/sites/qai/2022/09/07/will-student-loan-forgiveness-help-the-economy-now-or-later/?sh=7828b2891dd3

https://fortune.com/education/articles/how-does-student-loan-debt-forgiveness-impact-borrowers-and-the-economy/

https://www.cnbc.com/2022/08/29/how-student-loan-forgiveness-will-affect-inflation-from-economists.html

I even found this which could substantiate your claim, just cause I'm a nice guy -

https://www.richmondfed.org/research/national_economy/macro_minute/2022/mm_10_11_22

But what some fail to grasp is that inflation is happening regardless, so regular people having more purchasing power to pump back in, again, is only a net good. Seems like most would agree that any inflation from this proposal would be negligible at best.

From the impression I get from your posts, it mostly just sounds like the whole "fuck you I got mine".