Update: In keeping with his campaign promises, President-elect Joe Biden reaffirmed his support to forgiving $10,000 in student loans per borrower through Congressional action in early January. This would unburden almost 15 million student loan borrowers and reduce debt balances for millions more. Furthermore, on inauguration day, Joe Biden is expected to direct the Department of Education to extend the pause on student loan payments … Continue reading Will Biden Solve the Student Loan Crisis?
Just as 2020 was a year marked by loss and disruption due to COVID-19, 2021 is expected to carry a modicum of hope — hope that effective distribution of the vaccine to the global population and proficient steps taken by governments across the planet will help restore world order gradually. Continue reading 2021 Annual Economic Outlook
Inflation is the rate at which prices for goods and services increase over a certain period. Continue reading What is Inflation, Really?
If we can delay the spread of the virus so that new cases aren’t popping up all at once, but rather over the course of weeks or months, “then the system can adjust and accommodate all the people who are possibly going to get sick and possibly need hospital care.” People would still get infected but at a rate that the health care system could actually keep up with — a scenario represented by the more gently sloped curve on the graph. Continue reading What Does “Flattening the Curve” Mean and Why is it Important?