Current Affairs

Today Nathan is joined by Wall Street Journal reporter Josh Mitchell, author of The Debt Trap: How Student Loans Became a National Catastrophe. Under pressure from progressive Democrats, Joe Biden recently agreed to continue a pause on student loan payments. There has been a great deal of debate over whether Biden should consider canceling large amounts of student debt outright. Mitchell has spent years studying every aspect of the student loan crisis. On this episode, he helps us better understand what the crisis is and how we got here. We discuss:- What makes student loans a "catastrophe" to begin with, and why there needs to be some public policy solution - The mountain of human misery beneath the statistics, what life is actually like for people who can't pay their debts- Why Josh thinks the establishment of Sallie Mae was one of the most disastrous trainwrecks in the history of Congressional legislation - How college financial advisers have misled students into thinking their degrees are more valuable th