Fri 14 Jun 2013
Elizabeth Warren’s QE for Students: Populist Demagoguery or Economic Breakthrough?
Posted by k under Civil Liberties , Democracy , FinanceNo Comments
Ellen Brown Web of Debt
On July 1, interest rates will double for millions of students – from 3.4% to 6.8% – unless Congress acts; and the legislative fixes on the table are largely just compromises. Only one proposal promises real relief – Sen. Elizabeth Warren’s “Bank on Students Loan Fairness Act.” This bill has been dismissed out of hand as “shameless populist demagoguery” and “a cheap political gimmick,” but is it? (more…)