Do recessions have to happen? Is it possible for a country to just not have economic downturns? Australia has gone nearly 30 years without a recession. So what can we learn from it?

Australia hasn't had a recession in 27 years. Good policy? Or just good luck?

Perhaps not surprisingly, grad students tend to take on more debt when going into fields where the pay is higher.

Students studying medicine and law typically borrow more than $100,000 to get through school, and many go on to high-paying careers.

At the other end of the spectrum, many Ph.D. ...