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College loan conundrum

Money | Can the student loan market be reformed?
by David Skeel
Posted 1/17/17, 09:36 am

If you’re trying to predict which bubble will burst next, don’t rule out student loans. U.S. student loan debt stands at nearly $1.4 trillion, and more than half of all student borrowers do not repay their school loans in full. Is there a fix for this mess?

Some student loan defenders claim the market isn’t as sickly as it looks. The government makes money on student loans, the reasoning goes, and students who obtain college degrees earn an estimated $20,000 a year more than those who don’t.

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Logic, not logorrhea

Money | The legacy of Thomas Sowell
by Marvin Olasky
Posted 12/27/16, 04:10 pm

Brilliant economist Thomas Sowell, 86, announced his retirement Dec. 26 from writing columns, and the dubious profession lost one of its greats.

Sowell’s retirement announcement sent me remembering his books I’ve recommended, including Economic Facts and Fallacies, Intellectuals and Race, The Housing Boom and Bust, Black Rednecks and White Liberals, and Conquests and Cultures. Sowell’s Basic Economics is an excellent textbook.

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A boon for business?

Money | Forecasting the Donald J. Trump economy is a dicey exercise
by David Skeel
Posted 12/16/16, 11:00 am

Stock markets think a businessman president will be good for business. After dropping for a few hours following billionaire Donald Trump’s election victory, stock prices rose, and kept rising.

The markets may be right, but the Trump economy is far less certain than the early euphoria suggests.

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