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Eugene Steuerle's avatar

Another piece I need to write but am trying to put into a forthcoming book. Putting more debt on students only makes sense if the net effect is to increase their new worth...sorta like a well-functioning mortgage increasing net equity in a home over time. In fact, what has happened over the past few decades is that student debt has displaced other subsidies such as for public education, so the net worth of the young, adding together human capital, which really hasn't gone up much, if at all, with net financial capital, which has gone down substantially.

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Eugene Steuerle's avatar

Too many issues to cover in a short piece. Most of us recognize the extent to which we feel we have lost out due to some unfair discrimination but give less attention to when we have been favored.

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