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ryangrim's profile
Ryan Grim
Ryan Grim
Ryan Grim
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@ryangrim

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Ryan GrimVerified account

@ryangrim

DC bureau chief at The Intercept. Young Turks contributor. Strong Arm Press co-founder. http://ryangrim-at-gmail.com  DM for Signal.

washington
badnews.substack.com
Joined September 2008

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    1. Trevor‏ @TrevorJamesPeck Aug 28

      Trevor Retweeted Ryan Grim

      I know this is fake magic money but legit if you cancelled student debt people like me would fuel a ridiculous spending spree and boom in entrepreneurship possibly innovation.https://twitter.com/ryangrim/status/1034225081994620929 …

      Trevor added,

      Ryan GrimVerified account @ryangrim
      Harris and Carper asked about what to do about the student loan crisis. @KerriHarrisDE: Cancel all student debt and start fresh @TomCarperforDE: I don't have "a magic wand...it would cost a pretty penny." @KerriHarrisDE: We figured out how to bail out Wall Street
      2 replies 1 retweet 1 like
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    2. Trevor‏ @TrevorJamesPeck Aug 28

      So many young people are locked into “safe” jobs only to service their debt. They’re giving up more fulfilling, but also likely more socially beneficial career tracks because of student debt. They’re also foregoing houses because they’re afraid of more debt.

      1 reply 0 retweets 0 likes
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    3. Trevor‏ @TrevorJamesPeck Aug 28

      My debt isn’t even “bad”, and I did a pretty exhaustive CBA before law school (not as much college) so I knew what I was getting into. But I can easily identify with the fear others talk about—it’s a huge disincentive to social growth that’s under appreciated I think.

      1 reply 0 retweets 0 likes
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    4. Trevor‏ @TrevorJamesPeck Aug 28

      I understand pragmatically the obstacles are probably insurmountable, and I’m emphatically not saying it’s a good idea, but I’m also skeptical models could capture the effect of removing that disincentive beyond its effect on housing, which I assume is pretty easy to project.

      1 reply 0 retweets 1 like
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    5. Trevor‏ @TrevorJamesPeck Aug 28

      Also, I’m not familiar with the statistics, but I’ve seen something about traditionalists freaking out about kids and marriage. I’d be shocked if this wasn’t a fundamental variable. The only people I know getting married (or having kids, buying homes) have sig. parent subsidies.

      1 reply 0 retweets 1 like
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      Ryan Grim‏Verified account @ryangrim Aug 28
      Replying to @TrevorJamesPeck

      All money (in a fiat, post-gold system) is magic. This can be done.

      5:54 AM - 28 Aug 2018
      0 replies 0 retweets 0 likes

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