Wipe Out Student Debt and Everyone Wins, Says Bernie's Economist
- Kelton co-wrote study on economic boost from loan forgiveness
- She says a more educated society is a public good, helping all
This article is for subscribers only.
Bernie Sanders caused a stir this week with his plan to tax Wall Street trades and use the cash to forgive student loans. One of his advisers makes the case for writing off those debts -- even if investors don’t pay for it.
Stephanie Kelton, who’s advising the senator and Democratic contender in his presidential campaign, co-authored a paper that says the whole economy will benefit if America’s $1.6 trillion in student debt is canceled.