Why a “wealth tax” is terrible public policy (and this is not even a controversial observation among economists)

The trouble with Socialism is that eventually you run out of other people's money.Margaret Thatcher For months now, Democratic presidential candidates have proposed a litany of new spending proposals to woo the electorate into voting for them. These include: Medicare for All, which has a $32 trillion price tag - assuming it is extended only … Continue reading Why a “wealth tax” is terrible public policy (and this is not even a controversial observation among economists)

Bernie Sanders has no clue how student loans work

This is not a post about politics. This is a post about basic economics. I really don't care about your politics. First of all, let's talk about where student loans come from and how financial bubbles are created. We can all agree that younger generations are getting absolutely fucking screwed when it comes to obtaining … Continue reading Bernie Sanders has no clue how student loans work