This is an opinion editorial by Bruce Fenton, host of Satoshi Roundtable and a current candidate for U.S. Senate.

The so-called “forgiveness of student loans” promised by President Joe Biden is not just the death of sound economic policy in the U.S., it is the death of accountability for many Americans.

The loan forgiveness plan moves wages and wealth from workers to debtors. This type of deal breaks the bargain that people have in decision-making where decisions have consequences. In this case, we now have people whose decisions are not having consequences and other people who paid off their loans who are having to pay for those who did not. This is profoundly unfair and unworkable in a moral economic system.

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