Posted on 04/05/2017 9:31:22 AM PDT by Wally_Kalbacken
The rising burden of student debt is weighing on interest rates in the U.S., and it would be a reasonable conversation for policy makers to explore making college tuition free, Federal Reserve Bank of New York President William Dudley said.
The growing pile of student debt is obviously one headwind to economic activity that probably pushes in that direction of lower equilibrium real rates because it limits households spending power, Dudley said Monday during a press briefing in New York.
(Excerpt) Read more at bloomberg.com ...
Higher Education or Big Education is run by leftist goons. It would be so fun to see their tuition rates regulated like the power co. rates are regulated. I’d love to see Democrats voting on raising tuition rates.
I want the Feds to get out of education, not to expand their bureaucracy so the next Democrat can normalize pedophilia in the public schools.
I have been reading the book “Fed Up”. It’s about the Federal Reserve in the more than decade long run up to the housing bubble and the 2008 financial crisis, and some years after.
The author is Danielle DiMartino Booth. Before she went to work for the Federal Reserve at the Federal Reserve Bank of Dallas, she was first in the investment banking world on Wall Street, then she had a business column in a Dallas newspaper, where she was one of the earliest voices making the case that we had entered a housing bubble - when the Fed, Wall Street and Washington D.C. were still in high denial. Later, after it began to fall apart, the head of the Federal Reserve Bank of Dallas hired her to work for him - he trusted she would not be a “yes man” to anyone in the Fed, and she wasn’t.
As to William Dudley, and what she thinks of him and the things he said in the run up to he housing bubble, the 2008 crisis and after - let’s just say he’s another one those among the collective-Wizard-of-Oz at the Fed.
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