The claim that the its not the free market determining the cost of these colleges is a joke. In nations where the free market is taken out of the equation completely how much does college cost? NOTHING. I actually agree with much of the rant however the libertarian philosophy only can fix half of the problem of high cost of education.
@tr2899 Agreed - so charity and non-profits can offer scholarships for students with academic promise but without ability to pay. But dumping taxpayer money into a program with virtually no scrutiny or oversight always causes a bubble - as with real estate.
@tr2899 The banks were purposely mis-allocating resources because if things get really bad, and the student loan bubble DOES (and eventually will) burst, they can just go to the FED to get a bailout. It's a process... it's how things work. WAKE UP! The Turks lost credibility. Government interference causes prices to rise and causes a much larger disparity in income. It's a fact. Get with the times and stop living like it's still 1973.
@tr2899 who pays for these "businesses"? Federally guaranteed student loans. Like other sectors of the economy (such as housing) in which the government was mis-allocating capital, the student loan bubble is about to burst because there is no way colleges can justify what they have been charging (the taxpayers) for tuition.
@tr2899 well, businesses (one specific part of them) are in bed with government which betrays its own people by giving these particular businesses incentives like bailouts (to banks) or guarantees (of mortgages to ledning companies, of school loans to schools etc.). Therefore the businesses become reckless, not risking anything, counting on the politicians to bail out the losses of their mistakes. It's called oligarchy.
Cenk does not understand economics, he and others have good intentions but don't look at the consequences.
SKATEyD3STROY 3 weeks ago
The claim that the its not the free market determining the cost of these colleges is a joke. In nations where the free market is taken out of the equation completely how much does college cost? NOTHING. I actually agree with much of the rant however the libertarian philosophy only can fix half of the problem of high cost of education.
djb12030 1 month ago
@tr2899 Agreed - so charity and non-profits can offer scholarships for students with academic promise but without ability to pay. But dumping taxpayer money into a program with virtually no scrutiny or oversight always causes a bubble - as with real estate.
EmberwildeProd 1 month ago
@tr2899 collage sports?
jessepriest11 1 month ago
@tr2899 The banks were purposely mis-allocating resources because if things get really bad, and the student loan bubble DOES (and eventually will) burst, they can just go to the FED to get a bailout. It's a process... it's how things work. WAKE UP! The Turks lost credibility. Government interference causes prices to rise and causes a much larger disparity in income. It's a fact. Get with the times and stop living like it's still 1973.
LibertyInsurgency1 1 month ago
fuckin A man, fuckin A!
TheDeftSurrealist 1 month ago
@tr2899 Let the market decide what the price of a college education should be. Not the government.
EmberwildeProd 1 month ago
@tr2899 who pays for these "businesses"? Federally guaranteed student loans. Like other sectors of the economy (such as housing) in which the government was mis-allocating capital, the student loan bubble is about to burst because there is no way colleges can justify what they have been charging (the taxpayers) for tuition.
EmberwildeProd 1 month ago
@tr2899 well, businesses (one specific part of them) are in bed with government which betrays its own people by giving these particular businesses incentives like bailouts (to banks) or guarantees (of mortgages to ledning companies, of school loans to schools etc.). Therefore the businesses become reckless, not risking anything, counting on the politicians to bail out the losses of their mistakes. It's called oligarchy.
JantetDevlinTshirt 1 month ago
Fuck the Turks. I don't listen to them anymore.
408Magenta 1 month ago
Basically, student loans are the next bubble to burst.
LiberAnarchy 1 month ago 2
Good job
paul4pres08 1 month ago
Clear and lucid argument!... it's the truth and the US needs to know! Thank you for your public service in helping many to really understand!
CalZukiWorks 1 month ago 2