Correction:
The paper was actually produced by the AEI itself (so basically a self citation), one of the authors works for the Fed
American Economics Thread
- Thread starter Bernard
- Start date
Correction:
The paper was actually produced by the AEI itself (so basically a self citation), one of the authors works for the Fed
Sorry but you are using what is basically readout from a advocacy group for public universities to answer a question I didn't pose. Many people graduate with 4-year degrees from public universities with little to no debt; that is good.
However, I was asking about the growth in debt and the possibility of the system you were praising as efficient potentially narrowing the pool versus the option of subsidizing the sticker price. The good news is the total debt actually decreased for the first time ever in 2023. The bad news is it is still 1.73 trillion though.
Since you seem to have a background in economics, would you please go further in explaining why you think that the US doesn't have a student debt issue despite the massive total (maybe you can show the economy is so robust that it isn't a burden for people) or a higher education equity issue? My perception could be wrong but I'm not alone in thinking that poor people in the US, especially poor African Americans and Hispanics, suffer from an educational attainment gap.
It was analyzing crosstabs of Fed surveys so it’s fine
The debt is concentrated in a few borrowers to pay for expensive graduate law, medical, and similar degrees. It’s not related to undergraduate degrees
US fiscal year 2024 to date (October 2023 to July 2024). Interest payments on debt larger than military spending.
Very authoritarian style of data manipulation.
Right-wing papers hate Biden and will often skew their conclusions and analysis to make him sound bad. This really isn't new. The partisanship in United States has gotten quite bad.
Highly innovative U.S. pharmaceutical manufacturer, Gilead Sciences, out with yet another first in class blockbuster; this time a HIV prophylactic (a manufactured vaccine) to prevent vertical transmission. The U.S. manufacturing sector remains on the technological frontier with exclusive, innovative products that are simply unavailable at any price in other economies, showing the sustainable value add of the U.S. economy, both now and for decades to come
I'm sure the market for this product will be so huge, that it can compensate for all the other losses in the U.S. manufacturing sector.