Episode Details

Today Razib talks to Inez Stepman, a senior policy analyst at the Independent Women's Forum, a Lincoln Fellow with the Claremont Institute and a senior contributor to The Federalist. Stepman also hosts two podcasts, High Noon and Clown Car. She and Razib first discuss the current distress, both economic and cultural, in higher education as several decades of bloat, inflation-beating cost increases and political radicalism run up against their natural limits. Stepman's recent policy report, Taxing Universities, tackles the massive fiscal bill that the American people will face in the next generation as bad loans backed by the federal government finally come due. Razib admits that as a member of "Generation X" he was unaware of the massive change in educational debt since the public sector took over almost all lending after the 2008 financial crisis. A graphic that illustrates the impending crisis comes from The New York Times:

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