College in America is expensive. Students graduate with an average of $37,172 in student loan debt, the country as a whole has more than $1.5 trillion of it and Americans are becoming less convinced that a four-year degree is worth the cost. Watch this video to learn how higher education became big business, hear from students facing mounting debt and explore how we might be able to solve the student debt crisis.
said Monday political leaders in the U.S. and Europe shouldn't push central banks to cut interest rates.
"I am so afraid of a democracy getting the idea that you can just print money to solve all problems. Eventually I know that will fail,"'s longtime investing partner and vice chairman told CNBC's Becky Quick in an interview. "You don't have to raise taxes, you just print." "In the end, if you end up printing too much, you end up like Venezuela," he added. Venezuela, which is now in the midst of an economic and humanitarian crisis, has been used as a cautionary tale about socialism.
Munger added that he didn't think the U.S. was anywhere near a situation such as that, but that it is dangerous when a democracy thinks it can print money to solve all of its problems. President Donald Trump last month, in his most brazen attack yet on the Federal Reserve, called for the central bank toThis is a developing story. Please check back for updates.
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