Viewpoints
Opinion

Loan Forgiveness: Socialist Inflation and Deficit

Loan Forgiveness: Socialist Inflation and Deficit
President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) in the Roosevelt Room of the White House in Washington on Aug. 24, 2022. Olivier Douliery/AFP via Getty Images
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Commentary
Student loan forgiveness will cost taxpayers at least $519 billion and drive up inflation and tuition costs.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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