Student Loans Replacing Mortgages As The Credit Cycle Peaks

Courtesy of a link on Jesse’s blog, I’d like to link you to a blog post on Scientific American, of all places, that puts the Great Financial Crisis in a mathematical and human perspective. ¬†While I would have chosen a title that reflects that ultimately the collapse came from greed more than an equation, here [...]

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Student Debt Jubilee?

Judge Napolitano discusses the Occupy Wall Street demand for a debt jubilee, that is, forgiveness of all consumer debt. Economist Steve Horowitz notes that this would wipe out our financial system. So why do Morgan Stanley’s Stephen Roach and Harvard’s Kenneth Rogoff say this is a good idea? They are joined by the confused Ellen [...]

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