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Henry Aubin has a great column today enumerating the many costs and consequences of this unending movement. The funny thing about all of this is that usually we see governments pursuing policies that hurt the young by pushing the costs down the road with higher debt (the refusal to adjust medicare, social security today). Here, we have students saying: we don't want to pay now, assuming that the costs, in the form of more debt, will have no consequences down the road. Bad math, indeed. And not much of a learning curve, either.
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