woman graduating and money Federal Reserve economists found that student loan debt is holding back home-buying among millennials, while the Roosevelt Institute says a disproportionate burden falls on black Americans. (Photo: Shutterstock)

(Bloomberg) –Bernie Sanders caused a stir this week with his plan to tax Wall Street trades and use the cash to forgive student loans. One of his advisers makes the case for writing off those debts — even if investors don't pay for it.

Stephanie Kelton, who's advising the senator and Democratic contender in his presidential campaign, co-authored a paper that says the whole economy will benefit if America's $1.6 trillion in student debt is canceled.

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