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.

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How to Fix the Education System

By all accounts, the public education systems in western countries are not performing to the level that we are collectively demanding. There are fundamental structural problems with our schools that inhibit good outcomes for students. Western countries have become obsessed with universal student attainment of minimum academic standards measured by test scores and maximisation of enrolment rates at universities. I propose that this is flat out the wrong goal for our education system, that rather than try to teach everyone the same material at the same kinds of schools in the same kinds of ways, our education system should be more personalised to get the most out of each individual’s talent set, and I have a plan for how to do it.

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