Relevant and even prescient commentary on news, politics and the economy.

Alan Collinge of Student Loan Justice on CAP’s Current Efforts to Revamp Student Loans

It has been a while since I had last talked to Alan. I knew at the time he was at issue with a stance the Center for American Progress was taking on Student Loans which surprising are supported by some of our more popular consumer advocates. Kind of makes sense as we now see the […]

Ripping Off College Students’ Economic Future

Previously, I had written on Fair Market Value and its use by the CBO’s Douglas Elmendorf to rate the risk of Student Loans as advocated by both The New America Foundation and the Heritage Foundation. A rebuttal answer to a partisan CBO, the right-leaning New America Foundation, and the conservative Heritage Foundation on the usage […]

Fair Market Valuation; CBO, Student Loans, Food Stamps, Etc.

Earlier in 2013, CBO’s Douglas Elmendorf’s forecasted return on Student Loan’s resulting in a positive return for the Government. Later Elmendorf reversed the forecast claiming student loans would cost the government and the taxpayers by generating a negative return. Using one cost model (FCRA) to estimate the return, the government will make $184 billion on […]

Education with a Twist—An Oliver Twist

by run 75441 In response to Newt Gingrich’s comments on failing schools, work, and rising bootstraps, Peter Dorman at Econospeak replies in: Education with a Twist—An Oliver Twist” “why take it out on the janitors? If the school was failing it wasn’t their fault. According to Gingrich, it’s the teachers who can’t make the grade. […]

The Kennedy-Webb Colloquoy on Liberty and Private Property: Want to make it a Seminar?

by Bruce Webb Scottish Professor Gavin Kennedy is the blog-proprietor of ADAM SMITH’S LOST LEGACY and a new (and continuing?) contributor to Angry Bear, most recently with Spare Us From the Invisible Hand. In an earlier post by Gavin Adam Smith in a Broader Legacy I responded to one of our regular Angry Bear glibertarians […]

A Question About Gaza

by cactus A Question About Gaza I’m trying to understand the situation in Gaza. I understand that Israel manages to exert some control over Gaza’s borders and airspace. Israel has also tried to choke off the flow of weapons into Gaza and this embargo is being blamed for much of the hardship that residents of […]

Confusing a Metaphor with the Real Thing

“We’re at war.” “During this time of war…” “While this country is at war…” I’m tired of hearing such statements while referring to the “War on Terror”. Because they indicate a fundamental confusion between a metaphor and a real war. And on this President’s Day, I can’t help but think about how this confusion has […]

Yield Curve Update

It seems that we can now move beyond talking about a flat yield curve to talking about a truly inverted yield curve: Yield curve inverts after strong auction NEW YORK (MarketWatch) — The Treasury yield curve turned completely upside down early Friday, pushing the 2-year yield above the yields of both the 10-year and 30-year […]

Guest Workers and Social Security Solvency

Eduardo Porter’s New York Times article entitled Illegal Immigrants Are Bolstering Social Security With Billions describes how one Mexican citizen – along with perhaps seven million other “illegal immigrant” workers: are now providing the system with a subsidy of as much as $7 billion a year … Most immigration helps Social Security’s finances, because new […]