Biden’s student debt cancellation and more: Letters to the Editor — March 3, 2024 ...Middle East

Blank check President Biden’s cancellation of more student loans is a textbook example of moral hazard (“Student debt racket,” Feb. 23). Risk-takers enjoy benefits when their decisions turn out well for them; somebody else pays the price if undesirable outcomes occur. Student-loan recipients enjoy the benefits of higher incomes if college helps their careers, but...

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