Paradise Lost
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure,
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure,
Incoming president Joe Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just the opening
Two things about the coronavirus relief checks the government will soon start sending out: First, it looks like they’ll take a while to arrive: Show
Not so long ago, student debt was mostly the responsibility of students. That is, you paid for college with loans and then paid off those
Today’s Wall Street Journal is profiling an orthodontist who has $1 million in student loans, is paying less than the interest that’s accruing, and because
Back in the 1500s, a financial agent of Queen Elizabeth I named Thomas Gresham observed that that “bad money drives out good.” That is, if
This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane
Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to
US factory orders tanked again this morning, and were generally reported that way at first. To take just a few of the low-lights: Factory orders
As incomes stagnate and prices rise, a growing number of Americans face a tough choice: either descend a couple of rungs on the lifestyle ladder
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