Bernie Sanders has been asking: What is the deal with student loan rates?

It makes no sense that students and their parents pay higher interest rates for college than they pay for car loans or housing mortgages.

— Bernie Sanders (@BernieSanders) October 15, 2015

Sorry, I can’t resist. Ever since seeing Larry David portray Sanders on Saturday Night Live, I can’t stop thinking of him as a Seinfeld character: Bernie the bewildered old senator. That he is economically illiterate is, I hope, no surprise. He is a socialist, and socialism is an economically illiterate doctrine. So let’s patiently explain it to him.

Read the article “No, Bernie Sanders, Student Loan Rates Should be Higher” on thefederalist.com.