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For a really interesting take on student debt, read commentary by the financial historian, Russell Napier, such as this: http://moneyweek.com/russell-napier-giv
by jamesblonde 11y ago
For a really interesting take on student debt, read commentary by the financial historian, Russell Napier, such as this: http://moneyweek.com/russell-napier-give-everybody-in-china-a-credit-card/ http://moneyweek.com/russell-napier-give-everybody-in-china-...
He believes that deflation is coming (along with a recession) and the solution to deflation will not be monetary stimulus (negative interest rates or bond-buying), but rather political. First on his expected list of measures is a write-off of student debt in the US, to help reflate the economy :)