Thursday on CNN’s “New Day,” Sen. Elizabeth Warren (D-MA) responded to the argument that canceling student loan debt would only drive up inflation, which is already at a record-high in the United States.
Warren argued that there was “just no evidence that canceling student loan debt contributes to inflation.” She added the cancellation of student debt “would be a huge relief for tens of millions of working people.”
“[K]eep in mind that even conservative economists say, no, maybe, maybe it could be about two-tenths of 1% effect on inflation,” Warren outlined. “There is just no evidence that canceling student loan debt contributes to inflation. But here’s what it does — it relieves the burden of payment for a lot of working families. Keep