Hedge Fund Economists Want Puerto Rico to Lay Off Teachers to Fix Debt Crisis

This sounds familiar…
“Puerto Rico can avoid a costly default by upping taxes, cutting teacher jobs and closing schools, a group of hedge fund economists proposed in a report released on Monday, offering a controversial solution to the island’s “unpayable” $72 billion debt crisis.”
Ahh the IMF…
““The real expense per student has increased enormously without increasing the quality of education,” Jose Fajgenbaum, director of Centennial Group Latin America and one of three former IMF economists who authored the report, told the Guardian.”