Data vs. emotion, or why student loan forgiveness may be a bad idea

Came across this article on Wharton’s website this morning, which is based on a paper about the economic impacts of student loan forgiveness. Everyone just assumes that forgiving student loans — somewhere on the order of $1.6 trillion — would free up a bunch of money and jump the economy, i.e. younger people could buy homes, whatever whatever. Instead, this paper argues that…