Cronies who receive political favors include not just corporate “fat cats” but colleges and college students. President Biden recently decreed a unilateral cancellation of student debt (up to $20,000 per borrower) which would cost roughly $500-750 billion. Aside from the question of whether Biden, Congress or some agency is empowered to cancel debt, is the policy just or unjust? Practical or impractical? What about those who didn’t go to college, didn’t borrow for it, or have serviced their debt? Why is student debt so high? Why is Washington involved at all? What does Biden’s policy imply about the national debt? After all, if Washington can unilaterally forego money it is owed, why can’t it do likewise for money it owes to others?
------
Enjoyed the episode? Join Dr. Salsman live on the fourth Tuesday of every month at 5:00 PM PT / 8:00 PM ET on Zoom for Morals & Markets LIVE and take part in an extra hour of discussion! REGISTER HERE: https://atlassociety-org.zoom.us/meeting/register/tZcod-6grzwuEt1f5ZGeL0AjrLVqENi7zwMB
Civil law and tort courts properly require monetary restitution to those who are harmed, given objective evidence of causality, responsibility, and materiality. Class action...
The GOP received more votes in recent House elections (50MM vs 44MM) but its widely expected “red wave” didn’t materialize. After two years of...
FTX, an exchange for cryptocurrencies, was fraudulent almost from its start in 2019. Its recent bankruptcy reveals that it robbed millions of people and...
