Senator Elizabeth Warren (D-MA) has a new idea–she wants to bring back repealed portions of the Glass-Steagall Act of 1933. The bill is, surprisingly, co-sponsored by John McCain (R-AZ). Warren’s student loan scheme was ill-conceived, but is this idea better? Let’s find out.
Tag: Elizabeth Warren
Elizabeth Warren’s Student Loan Mistake
Massachusetts Senator Elizabeth Warren has recently come out with a proposal to make the interest rates on federal student loans identical to the interest rates the federal government gives to large banks. This sounds really progressive and wonderful, and it is no doubt well-intentioned, but it is, unfortunately, an extremely misguided and foolish policy. Here’s why.
Benjamin Studebaker 