Is it immoral to charge interest?

Interest-bearing loans are commonplace in today’s economy, but are a subject of great contention in many of the world’s great intellectual and religious traditions. The Mosaic Law dictates: “If you lend money to any of my people who are needy among you, do not be like a moneylender to him; do not charge him interest” (Exodus 22:25). Continue Reading...

Making community college free has hidden costs

Education is the great equalizer. And a college education is one of the greatest ways to sharpen our unique gifts and talents before entering the workforce. President Joe Biden has proposed offering two years of free community college for any American, but here’s the problem: Making community college “free” guarantees more associates degrees — but it almost certainly won’t translate to a more equitable, high-achieving society. Continue Reading...