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Let's run a thought experiment. Drop 500 million PhD-level students…
Let's run a thought experiment. Drop 500 million PhD-level students into the US economy over three years. They work for pennies, displace every cognitive job, and flood the market with goods and services. Prices crash. Nobody has income. GDP could surge 5 to 30 percent a year. So what does government do? Nationalize the top companies, tax them at 90 percent, or print money for everyone? The debt question only matters as a share of a massively larger economy.
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