The Positive Effect of using a Market-Based Value System for Student Loans
Education

The Positive Effect of using a Market-Based Value System for Student Loans

With the looming threat of interest rates doubling on future subsidized Stafford loans (a loan where the federal government pays the interest during the student’s college tenure) from its current 3.4% to 6.8% has resulted in a debate on how interest rates on federally financed loans should be determined. With the expiration of a one … Continue reading

Are we giving “too big to fail” banks $83 billion a year?
America / Fiscal policy

Are we giving “too big to fail” banks $83 billion a year?

The short answer is: maybe. On Wednesday, during the Senate Banking Committee hearing, Senator Elizabeth Warren grilled Federal Reserve Chairman Ben Bernanke on the $83 billion implicit subsidy that big banks receive from low interest rates. That night, Fox Business News’ Gerri Wilson misquoted the figure, expressing outrage over the “$83 trillion dollars, you know, … Continue reading