Moral hazard
/Debtors have stopped paying their student loans in anticipation of a Biden bail-out. I’m right up there with those who argue that Congress’s denying bankruptcy relief on student loans has enabled colleges to explode their administrative staffs and raise their tuition by 7x the inflation rate, but I also think that anyone deliberately majoring in feminist pottery and pre-school racial indoctrination should be held accountable for her sins; certainly I shouldn’t.