If you’re as excited about the Scion FR-S as I am, you need to click through to this MotoIQ article right now.
Here’s Will Wilkinson pointing out that transfers to college kids are insanely regressive, probably almost as bad as sports subsidies. Money quote:
Extending the programme just one year would cost $6 billion. The measure is promoted as a way of making college more affordable, but it will mainly benefit those well out of school, many of whom are relatively well-to-do, mid-career professionals, such as your indebted correspondent. There is a movement afoot to get the government to forgive student-loan debt entirely, and when compared to this, the cost of the scheme to keep student-loan interest rates low looks quite small. Stilll, it’s bad policy for many of the same reasons it would be bad policy to forgive student loans.
If we’re going to hand out this $6 billion next year, it would be better all ’round to hand it to the people who need it most. If we think it more important to spend this dough on education, then we should hand out the $6 billion in the form of scholarships to deserving prospective collegians of modest means, to help them earn their degrees without having to take out any loans at all.
Finally, Arnold Kling has a long essay on tribalism and blogging.