Senator Elizabeth Warren (D-MA) has a new idea–she wants to bring back repealed portions of the Glass-Steagall Act of 1933.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.
The United States has just now posted the worst quarterly growth figures since 2009. The United Kingdom, the country in which I study, is also experiencing economic contraction again, in what may be the start of a triple dip recession in that country. What’s going on? Let’s have a look.