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.
Tag: politics
Is the Eurozone a German Empire?
Given the title, it’s necessary to make a clarification. I support a federal Europe. It’s the only way Europe can regain its ability to make foreign and economic policy independently from the United States, and regain its position as a leading region. However, after running some numbers today, I no longer believe in the Euro as presently constituted. Here’s why.
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Tomas Young’s Iraq War Letter
So today there’s an open letter going around the internet from a fellow by the name of Tomas Young directed toward George W. Bush and Dick Cheney. Young is terminally ill and has chosen to parlay that into an opportunity to vent his anger at Bush and Cheney over the feckless war they waged in Iraq. Having myself been opposed to the Iraq War as early as 2002 (and yes, I was quite young to be in opposition), I agree with some of what Young has to say, but I think he makes a common mistake in conflating two contradictory responses to the war.
The Trouble with Sending Everyone to College
As time has passed, more and more people are going to college in the United States. Unfortunately, this is not a good thing. Let’s see why.
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How Spending Cuts Make Debt Problems Worse
The IMF has a new paper out that confirms what I have long suspected–when a state with a depressed economy reduces spending, the spending cuts lead to sufficient contraction to result in the cancellation of savings for the state. How does it work? Let’s explore.
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Benjamin Studebaker 