It is nice when I can find another expert to support what I have been saying on this blog for years. Market Watch has the article Opinion: It’s time for the Federal Reserve to help Americans reduce debt.

To truly ignite the economy, millennials must feel less poor and seniors must feel richer. A good place to start would be by reducing the burden of student debt. University of Michigan Professor Susan Dynarski summed it up well when she wrote: “Americans owe $1.3 trillion in student loans. More than seven million borrowers are in default, and millions more are behind on their payments.”

Fixing that problem could mean the government refinances student debt so they accumulate less in interest, paying down part of existing debts, or setting a new amortization schedule to boost consumer spending. Similarly, we would need an innovative policy to help seniors feel more secure that they can live from their savings.

They say the definition of insanity is doing the same thing repeatedly and expecting different results. As the Fed readies to embark on ending the age of near-zero interest rates, it’s time to admit we need a new approach.

It is also nice to find expert opinion supports Jill Stein’s policy and debunks John Oliver’s criticism of that policy.