Bernie Sanders Tries and Fails to Explain Economics on Twitter

Christine Rousselle
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Posted: Dec 28, 2015 12:00 PM
Bernie Sanders Tries and Fails to Explain Economics on Twitter

Democratic presidential candidate Sen. Bernie Sanders (I-VT) demonstrated his questionable economic knowledge on Twitter Saturday, asking why homes can be refinanced at a three percent rate whereas student loans have considerably higher rates.

Oof, Bernie, no.

For those of you, who, presumably like Bernie Sanders, have never taken an economics course, student loans are at a higher interest rate because it is unsecured debt. A house can be repossessed, whereas a brain cannot.

While Sanders' ideas may sound appealing to some, it's scary that a man who is deliberately obscuring the truth from voters is doing so well. It makes perfect sense that different kinds of loans have different rates. There's no conspiracy.