Re:65k fake students enrolled in the California junior colle...
by trident5000 on Sunday May 08, 2022 @01:21PM
(#31306039)
Every time the government gets involved markets get distorted and we pay the price down the road. Guaranteed home loans from the govt with almost no down payment caused lenders to not check credit and then we had 2008. Very similar situation with government education loan guarantees. And then legislators pretend to fix the problem with bailouts but we all pay with an inflation tax. Its robbery from savers to what should be risky borrowers. On top of that we now have these bloated education institutions that offer bs degrees and wacky educators because of the artificial propped up market that is detached from economics and value.
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Re:65k fake students enrolled in the California junior colle...
by digisign on Sunday May 08, 2022 @05:03PM
(#31308122)
This is true and shouldn't be downvoted. Only quibble is the alarmist tone,
however the situation is and should be somewhat alarming. Folks often recommend putting
out the fire with gasoline, unfortunately.
For example another poster recommends free or low-price state schools, instead of handing out mountains of freshly created money. One of those is incredibly inflationary, the other is not.