Former Treasury secretary Larry Summers wants to get rid of the $100 bill. But I think he has it exactly backward. I think we need to restore the $500 and $1000 bills. And the reason is that people like Larry Summers have done a horrible job.
(...) As part of the ObamaCare legislation, however, Congress voted to eliminate the private student loan market and have the government completely take over student loans. “The Democratic majority decided, well look, while we’re at it, let’s have another Washington takeover,” Tennessee Senator Sen. Lamar Alexander (R-TN)said at the time. “Let’s take over the federal student loan program.” The sweeping move received little attention at the time, as the political debate was consumed by the healthcare overhaul. The student loan takeover was simply tucked into the 2,000+ page legislation that enacted ObamaCare. Student debt and college affordability has become one of the central debates in the Democrat Presidential primary. Hillary Clinton has made addressing the increase in student debt one of her main policy proposals. Socialist Sen. Bernie Sanders (I-VT) has won the hearts–if not the wallets–of young voters by promising free college tuition.