|
Friday, 21 October 2016
quote [ The Jill Stein campaign hit back at John Oliver after he questioned the plausibility of the Green Party's promise to cancel student debt. ]
Tim Canova posted this in his Facebook page: Well before I ever ran for public office, I was studying and writing about central banking and monetary policy. In 2011, Bernie Sanders appointed me to a Senate advisory panel on Federal Reserve reform. Jill Stein is right and John Oliver is wrong. The Fed already has ample discretionary authority to address the student debt crisis, certainly to drive down interest rates on student loans. And after more than $3 trillion of QE programs for Wall Street, it's past time for QEs for Main Street and MLK Street, USA. A new president with a new Congress could also direct the Fed through legislative enactment to implement such programs, as it did in the 1930s and 1940s. And as Jill Stein's spokesperson also points out, there are other ways to pay for student debt relief programs, but perhaps Oliver is equally ignorant of such fiscal policies as the G.I. Bill after WWII
|