Quote Originally Posted by torchbearer View Post
wouldn't the people hurt by debt forgiveness be the people holding the other side of the loan?
Since that Phony Money is already spent and being circulated in the economy, the real people being hurt most are those in the economy, the value of whose currency holdings was siphoned out of that thin-air vacuum. They aren't named as parties of interest, so they are ignored. But it ultimately comes out of their asses nonetheless, and is part of the load on the economic treadmill they are forced to walk. And a double-load is placed on that treadmill, as taxpayers that were forced to pay for debts incurred, as they now get to pay--with interest--for the privilege of having their currency debased on someone else's behalf!

Meanwhile, those paying for educations out of pocket were forced to pay more (MUCH MORE) as an army of government subsidized students with guaranteed loans showed up in force and bid the prices of education up to ungodly levels. Not their "fault", but that was very much a market-distorting fundamental.

No, everyone, not just "taxpayers", is definitely a party of interest in this. Just not on the reward side.