The Immoral Heart of Biden’s Loan Cancellations
The Biden administration has canceled yet another set of student loans. This time, the government “forgave” the money owed by those who attended Corinthian College, a for-profit education group now defunct.
Many have attacked this series of loan cancellations as illegal or unfair. The Founders would have used another word: immoral. These actions violate the spirit undergirding human interactions, property rights, and political communities themselves.
Healthy and fruitful human interactions require trust. To trust each other, we must have reason to do so. People, in other words, must display the virtue...