iSmellFarty's recent activity

  1. Comment on The morality of canceling student debt in ~finance

    iSmellFarty
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    I was told by a relative a version of the moral hazard argument combined with saying that she had to pay hers off so others should too. The thing is that she received $17,500 from the Public...

    I was told by a relative a version of the moral hazard argument combined with saying that she had to pay hers off so others should too. The thing is that she received $17,500 from the Public Service Loan Forgiveness Act. When I pointed that out along with the fact that Sanders' plan to relieve student debt involved a large expansion of that and similar programs, there was some grudging agreement.

    I love the little snipe in the moral hazard argument section about banks taking risky action when they believe taxpayers will have to bail them out. The true moral hazard is that those institutions learned they never have to worry about a bad bet again.

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