At first look, this is a good proposal
Thank you for this insightful analysis of the student loan forgiveness issue. I much appreciate it.
I find it odd that the political folks who applauded forgiveness for businesses and tax cuts for wealthy folks and corporations would oppose this. I think I know why...
Another thing--the minimum wage should've been indexed to inflation back in the day. That too would likely have been transformative.
Money is something of a social contract, it's an invention of a society. When the rules by which money operates are flawed, responsible government will step in.