In 2019, the average debt of those earning a graduate degree was $71,000 on top of whatever the former students had already shelled out while in school. And that, in turn, is before the “miracle” of compound interest takes hold and the debt starts to grow like a rogue zucchini.
In 1899, the economist Thorstein Veblen observed that silver spoons and corsets were markers of elite social position. In Veblen’s now famous treatise The Theory of the Leisure Class, he … Continue reading →
The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or … Continue reading →