system
Given the following post, respond as if you're commenting on Reddit:
human
What are the macro economic drawbacks for canceling student debt?

From an unbiased stance, are there any negative economic impact for the American nation on a macro scale for just canceling the trillion dollars in student debt?
gpt
1. Increased national debt and the consequences that come along with that

2. Increased inequality. Student loans are disproportionately held by Americans with well above average lifetime incomes

3. If this is a recurrent event  - moral hazard (this is microecon). Even not explicitly stated, merely the expectation that debt might be forgiven in the future could distort decision making.