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Student debt hits the fan

Jason Sattler writes that Senator Elizabeth Warren is asking a good question: Why does the government give the big banks a better deal than it gives students? It’s question so perfect that people can’t...

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Chomsky on student debt

From a wide-ranging interview with Noam Chomsky: [O]ne of the main problems for students today — a huge problem — is sky-rocketing tuitions.  Why do we have tuitions that are completely out-of-line...

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Tax students, or polluters?

From Robert Reich’s blog: A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage. For example, if we want less carbon dioxide in the...

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Bankrupt politics hits Detroit

Robert Reich breaks down the local politics behind the Detroit bankruptcy: Much in modern America depends on where you draw boundaries, and who’s inside and who’s outside. Who is included in the social...

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Student loan profiteering

Senator Elizabeth Warren stands up for students: Making billions and billions in profits off the backs of students is obscene.   Read more here.

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Trade deficit or budget deficit: which should worry us?

We hear a lot these days about the U.S. government’s budget deficit. But what we ought to be talking about is the country’s trade deficit, write Jared Bernstein and Dean Baker: Running a trade deficit...

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“Do we invest in students, or millionaires?”

That’s the question posed by Senator Elizabeth Warren. She will introduce a bill to levy a minimum tax on incomes above $1 million (known as the “Buffet rule”), and devote the revenue to lowering...

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Learning from history

A new animation sums up the differences between the “Golden Age”of 1948-71 and the “Great Moderation” of 1985-2007: Source: http://www.nakedcapitalism.com/2014/05/myth-great-moderation.html.

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Grexit time?

It’s time for Greece to exit the euro, if not the EU, writes Simon Jenkins in the Guardian: Sometimes the small voice of economics should rise above the shrieking hysterics of politics. The laws of...

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Merkel’s Eurausterity

Outgoing German chancellor Angela Merkel’s record as a champion of Europe has a nasty stain: Like many national leaders, Ms. Merkel, time and again, catered to domestic political interests at the...

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