Elizabeth Warren made a splash this week with her plan to both ensure public higher education is tuition-free and forgive up to $50,000 per student of the existing stock of federal student debt. I already offered my hottest takes on Twitter, but I think a lot of the disagreements surrounding public tuition and student debt revolve around fundamentally different conceptions … [Read more...] about Three bad and one good way to think about public higher education and tuition
Become a Patron! I've lately been researching some employer-side tax benefits and binge-listening to an organized-crime-themed comedy podcast, which I'm not going to name because it's so vulgar that I strongly discourage anyone with a weak stomach or guilty conscience from listening to it (e-mail me if you're interested), and the two eventually crystalized in my mind the … [Read more...] about What would total employer-employee collusion look like?
Become a Patron! This morning I hauled myself out of bed early to go down to the American Enterprise Institute and listen to Bill Cassidy discuss the outlines of his plan for paid parental leave. The dervishes at AEI already uploaded the video, so you can take a look for yourself, if you can stand to listen to politicians speak for more than 30 seconds at a time. Bonus: if … [Read more...] about Bill Cassidy has the worst paid parental leave plan yet
The recent debacle in New York over Amazon's plan to open an office there under the hilarious marketing slogan of "HQ2" (or maybe HQ1.5, or maybe HQ2.14159?) gave finance journalists, who I've long insisted are the laziest people on earth, the opportunity to cluck their tongues about the poor state of "financial literacy," and gives me the opportunity to debunk a few of the … [Read more...] about That’s not how any of this works, Amazon edition
I got to thinking the other day, as I so often do, after seeing somebody toss off a joke on Twitter. The gag is an asset manager being told by a prospective client, "I need real, net of fee returns of 8%, so I don’t think you are a fit." The asset manager drily replies in .gif form, "Correct." My immediate response was not to the "realistic" or "unrealistic" element of an 8% … [Read more...] about The more unrealistic your goals are, the more of them you need