[This piece has been published in Restoring America to highlight how the White House’s student loan debt forgiveness plan will exacerbate inflation and labor shortages].

Since the pandemic started, the federal government has erased over $100 billion of student loan debt through a moratorium on loan repayments. President Joe Biden just extended that pause yet again — and added $10,000 to $20,000 per borrower in student loan cancellation along with limits on monthly repayments.