David Friedberg argues federal student loans created perverse incentives for higher education institutions to expand administration.
Opinion
Friedberg: California is functionally bankrupt with a $30B–$40B budget deficit
“Well, if the ballot initiatives and the tax policy and the battle that's going on in the state for spending and taxation is any indication, I, you know, think it's probably true. The current budget from the governor is Something on the order of 30 to forty bil…”
Prediction Not checkable as stated
Friedberg predicts the US faces tyranny or anarchy within two years
“Because otherwise you are going to have tyranny slash anarchy, which are both basically the same happening over the next couple of years in the United States.”
Insight
Friedberg: Social Security should be replaced with equity-invested 401(k) accounts
“Like, every American, instead of having a social security account, they should have the equivalent of a four or one K where they own stocks, and when they retire, they get all those stocks.”
Opinion
Friedberg: Tax unrealized gains, raise capital gains to 40%, cut income taxes
“When billionaires borrow against their unrealized capital gains, they should pay capital gains tax. Capital gains tax should be 40%, not 15% or 18% or 20%. They should pay the same as labor. In fact, labor should pay less. Income tax should be much lower. Capi…”
Opinion
Friedberg: Government Pension Plans Will Ultimately Bankrupt US States
“These pension plans are poison. The fundamental problem with these pension plans is that they will ultimately end up bankrupting the states, or they will become Ponzi schemes where people get screwed because they're expecting retirement benefits and they don't…”
Insight
Friedberg: Ending federal student loans solves 90% of education cost inflation
“Education, I think, is probably the easiest, which is if you end the federal student loan program, I think you solve 90% of the problem in education.”