"Econ 102" with Noah Smith and Erik Torenberg

Student Debt, Wealth Inheritance, and Millennial Conservatism

20 snips
Aug 22, 2023
Explore the shifting landscape of student debt and how it's reshaping millennial priorities. Discover the implications of universities' tax-exempt status on research funding and national competitiveness. Dive into generational politics, analyzing how millennials and younger generations are redefining conservatism and tackling wealth inheritance. Unravel the financial resilience of millennials amid rising debt. Plus, get insights on how these changes affect activism and personal interactions across generations.
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INSIGHT

Evolving Stance on Student Debt Relief

  • Noah Smith's stance on student debt relief has shifted due to changing economic conditions.
  • Inflation and new spending priorities like industrial policy and military buildup necessitate cuts, making student debt relief less of a priority.
INSIGHT

For-Profit Universities and Competition

  • The university system isn't a strict cartel, as evidenced by the for-profit university boom.
  • These for-profits ultimately failed to offer value, but their emergence demonstrates the possibility of new entrants.
INSIGHT

Taxing Endowments and Research Funding

  • Taxing university endowments could negatively impact research funding.
  • Direct government funding of research could offset this, balancing taxation with research needs.
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