Collegiate Cronyism with special guest, Atlas Society Founder, Dr. David Kelley

October 12, 2022 00:33:30
Collegiate Cronyism with special guest, Atlas Society Founder, Dr. David Kelley
Morals & Markets with Dr. Richard Salsman
Collegiate Cronyism with special guest, Atlas Society Founder, Dr. David Kelley

Oct 12 2022 | 00:33:30

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Show Notes

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?

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