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Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business

Student Loans Shackle

Image by Saint Huck via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 21, 2013

TheRealNews·Mar 20, 2013

Michael Hudson: Crippling student debt, which is also a drag on the whole economy, developed as governments pushed the burden of higher education costs onto students and pushed them into the arms of the banks.

***

Updated

Government Debt and Deficits Are Not the Problem – Private Debt Is

TheRealNews·Mar 24, 2013

Michael Hudson: Why do they call for governments to balance the budget by pushing the economy at large deeper into debt, while trying to save the banks from taking a loss?

*

Transcript


Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His new book summarizing his economic theories, The Bubble and Beyond, is now available.  His latest book is Finance Capitalism and Its Discontents. He can be reached via his website, mh@michael-hudson.com.

see

Government Debt and Deficits Are Not the Problem. Private Debt Is. by Michael Hudson

Michael Hudson: Economic Policy Deception

Noam Chomsky: Education and Student Debt

Noam Chomsky: Public Education and The Common Good (2013)

The Corporatization of Public Higher Education by Shepherd Bliss

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10 Responses

  1. […] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business […]

  2. […] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business […]

  3. […] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business […]

  4. […] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business […]

  5. […] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business […]

  6. [...] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business [...]

  7. [...] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business [...]

  8. SOLUTION TO STUDENT DEBT. “QE 4 STUDENTS” Fed to purchase all student debt and issue all future student debt. All loans will be at 1% for 72 years and payment to the US Treasury will be set at 5% of the students post graduate income until paid in full. PERIOD,separate private banks from government!

  9. [...] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business [...]

  10. [...] Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business [...]

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