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However, the sheer novelty of a mass debt write-off, let alone helicopter money, might be difficult for the financial markets to digest.
At first, the plan was to mount a mass debt strike.
Strike Debt, a debt resistance collective, is pushing for a spread of actions to banish student debt entirely, including urging a mass debt strike movement and asking that the government invest $13 billion to offer free public education.
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The public is financing a mass debt-forgiveness scheme largely in secret for distressed private student loan borrowers who attended schools once owned by Corinthian Colleges Inc.
But as student advocates and some Democratic lawmakers have asked the Education Department to forgive Corinthian students' loan balances, the department has instead chosen to highlight the projected cost of mass debt forgiveness and the fact that about a fifth of Corinthian's students are within three months of graduating.
BLOOMBERG NEWS Fund Managers Seek Alpha in 'Funky Debt' | Hedge fund managers are pulling out their fine-tooth combs, looking for untapped opportunities in a mass of obscure debt, Pensions & Investments writes.
A mass of foreign debt would push Russia back into bankruptcy.
And as for D. Jones… I agree education is important, but I think there needs to be an end to the idea that college is the golden ticket, and also, is it good for society to have a mass of disillusioned debt-ridden graduates?
A mass extinction.
Namely, a mass audience.
A Mass.
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