In my prior post, I do some back-of-the-envelope math to conclude that free higher education would direct as much as 40 times more money to rich kids than to poor kids. The point of the post is to insist — as has been my basic beat from the beginning — that there are serious distributive… Continue reading What is the proper way to finance higher education?
Author: Matt Bruenig
How unequal would free college actually be?
So we know that rich kids go to college at significantly higher rates than poor kids and that rich kids pay significantly more than poor kids at any given university because of price discrimination. So here’s a fun question: if we made college free, how much more money would go to rich kids than to… Continue reading How unequal would free college actually be?
Getting serious about using investment for social change
Divestment campaigns almost never work. Sometimes a campaign might actually get a fund to sell off and refuse to buy certain stocks, but rarely will it ever get enough funds to do so simultaneously, which is what’s necessary to actually exert any pressure. I suspect these kinds of campaigns are pursued in part because people… Continue reading Getting serious about using investment for social change
Student debt blogging at its absolute worst
Bob Hildreth has a howler of a piece at the Huffington Post about the amount of student debt professional degree holders graduate with. Generally, when folks talk about student debt, they stay away from talking about medical school, law school, and business school. Those professions are way more lucrative than almost anything else, and so… Continue reading Student debt blogging at its absolute worst
Socialize finance to reduce inequality
I’ve been going on and on and on about socializing finance ever since Seth Ackerman’s pulled the idea out of relative obscurity by writing a piece about it in Jacobin. Without going into the particulars of how it is done, the basic idea is to have the government buy up some (or perhaps all) financial… Continue reading Socialize finance to reduce inequality