Here is one example:
She does worry about inflation just as many of my readers. Well, according to VD (not that I agree with him on everything, mind you!) it won't cause inflation, but rather vice versa:
Most money is debt and it comes from nowhere. It is not printed by the government, it is literally created from nothing when a loan is taken out. This is inflationary. When a loan is cancelled, forgiven, or written off, the debt literally vanishes. This is deflationary, since it reduces the amount of money in the economy.
If the loan is paid off, either by the debtor or by a third party, then no money leaves or enters the system. It is a neutral action. If interest is paid on the loan, this is mildly inflationary but trivial at current interest rates.
I read lots of discussions on this topic, on Gab and otherwise. Those who can't pay their loans are often called freeloaders and worse who don't bother to work and prefer to scrounge off the system. Yet, many of them have been working and paying for years but can't keep up with interest, as this lady mentions in the comments on the vid above:
Been watching my mom struggle to pay her student loans down for 27 years. Been trying to pay mine down for 7. The interest is what gets people. It is an incredibly predatory system.
I'm sorry but does it sound like a normal situation to you? I remember one guy on Gab said that he signed for interest free loans which then were transferred to another company and suddenly he had huge interest. Usury is literally a sin in Christian religion, something many modern Christians seem to have forgotten.
Again, to quote Vox:
Don’t forget the Parable of the Unmerciful Servant either.
Then the master called the servant in. ‘You wicked servant,’ he said, ‘I canceled all that debt of yours because you begged me to. Shouldn’t you have had mercy on your fellow servant just as I had on you?’ In anger his master handed him over to the jailers to be tortured, until he should pay back all he owed.
He is quite passionate on the subject and I will admit it's him who persuaded me it is a good thing, though I don't share his hatred of the Boomers. He is right to attack what he perceives as "conservatives' egoism" though:
All right, I’m exaggerating. We didn’t actually pay for school. Our daddies did. See, that right there, that’s grit, that’s what that is. The Boomers are right. Just stop whining and do what I did. It wasn’t hard at all.
But it’s still unfair! How will WE benefit from a student loan debt jubilee? Why isn’t anyone thinking about ME and MY compensation? I mean, how can I possibly benefit from the housing market not completely collapsing because 45 million of the most educated people in America can’t qualify for a mortgage? What good is it to me if 45 million people suddenly have the ability to save money for the first time in their lives? I mean, it’s not as if savings = investment, or that I is a core component of Gross Domestic Product, right?
Also check this one:
I find it interesting that many of these Gab users who are so vehemently against government handouts to the poor hardly say anything when it's the banks, big corps or foreign countries who are beneficiaries (though it has been changing lately). They also will decry men like Soros using their money to interfere with politics but will support tax cuts for the super-rich to the death. Where is logic in all that?