Ep14 “‘A Pound Of Flesh’ And Student Debt” with Sheila Bair
All Else Equal: Making Better Decisions
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Is There a Commitment Device?
Jonathan Gruber: How much welfare is created by allowing people to commit? He says if a court would say, no, you don't have to pay the loan back, nobody would be lending money on cars and we wouldn't be able to drive cars. Gruber: The student loans are going to people who are middle-class families earning more than that.
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