Ro Khanna

@RoKhanna ↗

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Last Checked Sept. 21, 2022

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Thu Aug 25 19:03:32 +0000 2022

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Ro Khanna @RoKhanna

That is the long term macro impact over the next 10 years & was based on more forgiveness. No short term inflation is the point! The improvement in credit can help lead to home sales (stiglitz), new businesses, and investment. Productivity gains could offset long term inflation. — PolitiTweet.org

@RoKhanna @JosephEStiglitz But Joe is contradicting your view that relief will add to GDP & jobs by increasing home… https://t.co/DmgPK…

Posted Aug. 25, 2022

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Ro Khanna @RoKhanna

To be fair, many highly respected economists such as Nobel Laureate @JosephEStiglitz think this will have de minimus inflationary impact offset by resumption of interest payments. His argument seems straightforward and compelling. https://t.co/aYTaBUJx4C — PolitiTweet.org

A lot of well intentioned, thoughtful people seem to be misunderstanding the inflation argument around student loan… https://t.co/34h81nmnaa

Posted Aug. 25, 2022

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Ro Khanna @RoKhanna

@jasonfurman @JosephEStiglitz Overall point is that the inflation impact over next 6-12 months is really de minimus, if anything. It’s a red herring to oppose on that ground. One can argue this is not a worthwhile use of tax dollars. I disagree. But shouldn’t use fear of short term inflation to oppose. — PolitiTweet.org

Posted Aug. 25, 2022