Bernie’s Daft Debt Jubilee

Bernie Sanders, the Brooklyn socialist who represents Vermont in the Senate and is seeking the Democratic presidential nomination, is ready to show those Wall Street meanies a thing or two: He’s going to write them a check for something north of $100 billion. That’ll settle their hash.

The Democratic presidential aspirants are having a cash-giveaway arms race, coming up with creative ways to shovel public funds into the pockets of likely primary voters, and Senator Sanders’s plan is to forgive all college debt, some $1.6 trillion of it. This story...