Power is a funny thing in Washington. It can certainly be argued that real power in Washington lies beneath the dome of the Capitol, or within the iron gates of the White House, or even in the chambers underneath the basketball hoops of the top floor of the Supreme Court building. But perhaps the most … Continue reading
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
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