Monday, May 04, 2009

Ugh, Yeah...

Freakonomics criticizes a Facebook group for proposing to eliminate student loan debt as a policy proposal because it is self serving and regressive.

But what he fails to mention is that all stimulus and bailouts are by definition "self serving" (to those being stimulated on the one hand, and to the greater self interest on the other) and unless they are designed to help the least well off, also potentially regressive.

The question is whether they could stimulate the economy - and could eliminating student loan debt achieve that?

1 comment:

sher58 said...

I think it would, the three hundred bucks a month I pay towards my never-ending loan would definitely be well-spent elsewhere.