Schumer: Biden ‘Considering’ Forgiving $50,000 in Student Loan Debt via Executive Action
'You don’t need Congress, all you need is the flick of a pen and President-elect Biden...can make this happen,' Schumer said.
Debt
Are Republicans Hypocrites on Deficits? Yes, but There Is More to the Story
The GOP’s emphasis on fiscal responsibility didn’t disappear during the Trump years.
The Capital Letter: Week of November 30
Unemployment woes, the Fed Trap, and much, much, more.
Wall Street, Woke Capitalism, and China
On the menu today: Wall Street and China, Chinese debt and “Lake Woebegone” ratings, Europe’s banks, lawyers seeing green, and Poland flunks an Estonian tax lesson.
Canceling Student Debt and Other Regressive Education Policies
It turns out that the Democratic Party’s education agenda is rather less ‘progressive’ than claimed.
The Capital Note: What to Expect from China’s 19th Party Congress
On the menu today: China’s 19th Party Congress, vaccine diplomacy, insider trading from home, and a look at the Microsoft antitrust case.
The Capital Note: Interest Rates at Four Thousand Year Lows (What Could Go Wrong?)
On the menu today: Negative interest rates, “stakeholder capitalism,” Illinois taxes, the EU’s Green New Deal, magic, math, money, and Sir Isaac Newton.
The Capital Note: Debt, Windfalls, and Disaster
On the menu today: Debt and windfall waste, the lockdown reflex, oil tankers as warehouses, green protectionism, and the (partial) vindication of October.