What impact will President Biden's executive action providing debt relief to those with student loans have on the cost of education and the economy as a whole? Marc Goldwein from the Committee for a Responsible Federal Budget discusses the impact this will have on inflation and how this program might make student loans more expensive in the long run.
For additional information on this episode and other issues of the day, sign up for YDHTY's email list at www.YDHTY.com/news) You can find a write-up on the total cost of Biden's debt releif program here: https://www.crfb.org/blogs/new-student-debt-changes-will-cost-half-trillion-dollars)
You can also learn more about how this will impact inflation here: https://www.crfb.org/blogs/student-debt-changes-would-boost-inflation)
