Re:How California campuses are fixing the problem of pricey ...
by tensor_rank_0 on Thursday February 15, 2018 @06:33PM
(#16388730)
> The thing about children is that they generally don't have the experience or knowledge to make decisions like this.
very true.
>Besides, voting with your dollars is a fallacy.
in an oligopoly such as education where the purchase and sale of goods/services is subsidized then the power of voting with your dollars is diminished. the core concept is not a fallacy, and is actually a good metaphor for market action.
the problem is that 18 y/o young adults are able to borrow far more money than they ought to be able to, creating a market of naive buyers with extraordinary buying power. its no surprise that some of them buy things like comparative literature or gender studies degrees.
very true.
>Besides, voting with your dollars is a fallacy.
in an oligopoly such as education where the purchase and sale of goods/services is subsidized then the power of voting with your dollars is diminished. the core concept is not a fallacy, and is actually a good metaphor for market action.
the problem is that 18 y/o young adults are able to borrow far more money than they ought to be able to, creating a market of naive buyers with extraordinary buying power. its no surprise that some of them buy things like comparative literature or gender studies degrees.