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You searched for: label/principal-agent problem

Student Loan Debt

…They would be forced to reimburse the government for a share of the interest and principal the Education Department willingly waives for lower-income borrowers as part of these plans. How…

Mortgage Payments and the Vibecession

…is not among those indicators.) Interest and principal payments — the biggest monthly cash outlay for a typical homeowner — don’t count as consumption spending (for good reasons), so that big runup is…