Day: December 3, 2013

The Student Loan Debacle:
a Clear Moral Hazard

Here, in a nutshell, is the human toll of the student-loan mess: it is forcing many recent grads to defer marriage and having children; it is hobbling many prospective entrepreneurs that our economy badly needs and may well delay the retirement of new grads by 11 or 12 years. The total student-loan debt hit $1 trillion dollars […]

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