On the politics of student debt

The New York Federal Reserve Bank released an impressive amount of research earlier this month on the present state of student debt. Total student debt levels are around $870 billion. Average student debt stands at $23,300, but the median debt — a more telling figure — stands at $12,800. At the same time, those with… Continue reading On the politics of student debt

On Wendy Kopp, poverty pimp

Imagine watching a man try unsuccessfully to unlock a door for 20 minutes. He keeps putting the same key into the keyhole and turning, but to no avail. Then imagine standing behind him are a number of people who keep telling him that his key obviously does not work, and that he should try another… Continue reading On Wendy Kopp, poverty pimp

Co-ops can decrease inequality

Sara Horowitz wrote in favor of co-ops and mutualist enterprises at the Atlantic today. The thrust of her post is that co-ops can replace and improve upon current models of promoting the social good. In a sort of rebuttal, Matt Yglesias argues that increasing co-ops would reduce growth and increase inequality, something that he admits… Continue reading Co-ops can decrease inequality