Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: 59% of Americans worry student loan forgiveness will make inflation worse, CNBC survey finds [View all]mathematic
(1,536 posts)21. A 10k consumer subsidy with 3.5% unemployment and supply shortages won't contribute to inflation?
Ok, so you don't think this is the case, but "far-fetched"? Surely not.
You're literally saying that this will result in an increase in aggregate demand but it won't "bid up prices". How? We're at (least at) full employment so where is this additional supply going to come from to meet this demand?
You don't seem to be referencing standard keynesian economics here, so what economic theories are you referencing?
Cannot edit, recommend, or reply in locked discussions
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
38 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
59% of Americans worry student loan forgiveness will make inflation worse, CNBC survey finds [View all]
Polybius
Aug 2022
OP
Yeah, because with $10K less in debt, young people are going to go on some big spending spree?
viva la
Aug 2022
#8
Please do tell us how, since it actually will make the person receiving it have a bit more buying
Historic NY
Aug 2022
#9
Well, as an economist (Macro and Micro), I find this rather far-fetched, that inflation would be ...
SWBTATTReg
Aug 2022
#12
A 10k consumer subsidy with 3.5% unemployment and supply shortages won't contribute to inflation?
mathematic
Aug 2022
#21
Common sense IMHO, and I am not quoting economic theory to you of all people. I am entitled
SWBTATTReg
Aug 2022
#26
In other words, "HEY--we don't want those 'woke elitists' to get anything we don't get!"
slumcamper
Aug 2022
#13
Well it will definitely eat up some of the deficit savings we were supposed to get.
oldsoftie
Aug 2022
#19
I still think the most palatable way is to just eliminate interest and apply interest paid to the
LT Barclay
Aug 2022
#31
I've seen stupid before on matters of the economy but this is outright dumbass chickenshit.
Ford_Prefect
Aug 2022
#33