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Why Student Loan Debt Relief Is a Worse Idea Than You Think

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Why Student Loan Debt Relief Is a Worse Idea Than You Think
Student loan debtors hold a rally in front of the White House to celebrate President Joe Biden's intent to cancel student debt, which was later blocked by the Supreme Court on Aug. 24, 2022. Paul Morigi/Getty Images for We the 45m
Daniel Lacalle
By Daniel Lacalle
3/6/2023Updated: 3/23/2023
0:00
Commentary

The Supreme Court has heard different arguments from supporters and opponents of President Joe Biden’s student debt forgiveness program. It’s probable that the justices will rule before June. However, it’s important to remember a few challenges.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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