Last week, Senator Elizabeth Warren (D-Mass) unveiled her first piece of legislation on the Senate floor — a proposal to allow students to borrow at the same rates as banks. While this move galvanizes the populist movement, the economics behind it does not quite add up. The interest rate on direct subsidized loans for undergrads … Continue reading
Since the financial crisis of 2008, discussion of the role big banks play in the American economy and the inherent risk they represent has faded into the periphery. As with many other areas of public policy, a sustained focus beyond a time of crisis is difficult, due mainly to the relative lack of political will. … Continue reading
Mitt Romney – a 21st century Thurston Howell; a Wall Street shill; the man who invented the silver spoon. This is the narrative that democrats have tried to create concerning the republican presidential nominee. And yet during the first debate on Wednesday, Romney sounded a populist tone as it relates to Wall Street and big … Continue reading
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