On Friday’s MSNBC programme, José Diaz-Balart Reports, Representative. Jamaal Bowman (R-NY) has called for student loan cancellation as it will inject more capital into the economy, but “we have to make sure we hold companies responsible for inflation because what we’re seeing here is when money flows into the economy, companies take advantage and drive prices down.”
Bowman said the student loan aid would allow people to “hopefully go ahead and take out mortgages and car loans and reinvest in the economy.” Another is that if we eliminate all or most of the student debt, people will feel more secure about starting a family, investing in the market or starting their own business and actually injecting capital into the economy, which is what happens. we need it now in this day and age. On the other hand, we need to make sure we hold companies accountable for price gouging, because what we’re seeing here is when money flows into the economy, companies take advantage and lower prices. And that is something we still have to deal with, and we have a draft law called the Emergency Price Stabilization Act to address this issue.”
Source: Breitbart
