Comprehensive debt forgiveness would create a strong incentive for current and future students to make riskier borrowing decisions. It may even have this effect if the policy is never enacted. Just as the stock market reacts to polling and election results, students may take more risk as the odds of a forgiveness bonanza under a Democratic president increase. But these decisions cannot be undone if the polls are wrong or if campaign promises are forgotten after Inauguration Day.
10 Lies Acton Asceticism charity consumerism covid-19 Discipleship Donald Trump economic ethics Economics Evangelism Faith forgiveness Freedom Free market Friendship Great Lent 2018 Great Lent 2019 homily Humility Jesus Prayer joy lay discipleship lay formation lay spiritual formation lay vocation liturgy Love mercy National Review Obedience OST Politics Prayer property rights prudence religious liberty Repentance retreat notes St Augustine Violence Vocation Wealth wisdom Youth Ministry