Debt

A water drop and ripples

Here’s a great response to demands for student debt cancelation.

By Justin Katz | January 12, 2022 |

Robert Wiblin gets to the economics of student debt cancelation in a dead-on way with this comment: Cancelling student debt is good but we could do more. The government should also tax non-college grads in order to fund a $5,000 annual gift for all college grads as a way to show appreciation for how smart…

A water drop and ripples

Inflation would be an interesting challenge, if it were just a model experiment.

By Justin Katz | January 3, 2022 |

Ryan Rappa thinks the Fed is going to have to make debt relief part of any plan to control inflation.  Actually, I should specify that whoever wrote his commentary’s headline thinks that, because Rappa’s essay mainly just ruminates about the problem.  The closest he comes is this: This risk is multiplied by other forms of…

A hoodie on a beaten school bus

When they come for school bonds, ask where all the money’s been going.

By Justin Katz | December 15, 2021 |

Our system is set up to ensure that infrastructure, like school buildings, is left to rot.  That dynamic is inevitable when (1) budgeting and negotiations are tilted so heavily in favor of labor and (2) taxpayers can be bullied or forced into spending the additional money to repair or replace buildings when they become bad…