I’m pivoting from my traditional satirical posts via “The Mirror Rearview” to comment directly about current events from an economic perspective. In this blog, I wish to specifically express an opinion about the student debt relief program recently announced by President Biden.
©2015 Bloomberg News NUSHDQ6KLVRB (Bloomberg) — Inflation — what a downer. The dollar and euro weakened against most of their major peers on sluggish data from both the U.S. and euro zone. Prices paid by American households declined 0.1 percent in August, the first decrease since January, while in the