How Student Debt Harms the Economy

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Hard to buy a house when one already has the equivalent of a mortgage attached to one’s name. Hard to start a family when the Sallie Mae payments take all the money for diapers. Hard to start a business when one enters the world already less than zero on the capital ledger.

Zero’s hard enough.

The problem is easy money to students. Think about it. Who in their right mind lends $50,000 to an 18 year old who has never had a real job, no credit history, etc? The federal government does.

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The reason the economy crashed and has been slow to rebound is because of government intervention, not the market mechanism

"The problem Vladimir is that there is simply too much freedom in the economy." "I concur Joseph. Much better to take everything from the people and let us ration it out. That would be much better. By the way how's that gulag project coming?"

“The problem Vladimir is that there is simply too much freedom in the economy.”
“I concur Joseph. Much better to take everything from the people and let us ration it out. That would be much better.
By the way how’s that gulag project coming?”

What is particularly frustrating when discussing economic issues with some people is that they honestly believe – because they’ve been told over and over by people who simply just don’t know better – that the meltdown of 2008 was as a result of some sort of “free market” failure. That “deregulation” (yeah right) of the economy was why everything imploded. NPR said it, so it must be true. Smart people listen to NPR.

Sure they do, but the really smart people temper NPR by also listening to ideas not furthered by a government funded media arm. They might try listening to Tom Woods for example.

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Casino magnate Adelson meets privately with Congressional GOP in effort to revive online gambling ban

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Adelson gives huge money to GOP candidates. He is head of Las Vegas Sands, a brick and mortar casino (and corporation). He wants to make sure people keep coming to his casino. Online gambling threatens his casino. As such he is trying to enlist GOP members of Congress in an effort to keep people from gambling at home.

Adelson says it’s a moral thing. That online gambling increases access for kids etc. But this is a guy who has made hundreds of millions from people losing at his casino. He is just trying to shut out the competition.

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