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Tipsheet

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.

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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.

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