Alex Merced explains The economics of capital distribution and credit policy and how it results in our youth getting into large debts and being unemployed.
Before the economy fell my industry required a collage education. Now that we have a bad economy my industry also requires 3 years of industry experience. It is very frustrating. Why I am back at school. MBA here I come.
The surplus of all the free learning resources and classes that are found outside the educational establishments today should lower the costs of tuition to almost zero.
Your analysis and conclusion is inescapable: Those folks on OWS who want more Obamacare either in housing, education or jobs are misled. More Fed intervention=more misguided outcomes. They should instead focus on ending the Federals entirely, as these unprofitable enterprises (also not hiring people) like banks, nuclear power stations, and farms, can be phased out ASAP.
Glad I watched this a second time. Your look into the fundamentals is actually sound...amazing. Didn't think you had it in you...Remember Alex, you're only being exploited by Wall Street now because you're just smart enough to produce excess profits that can be skimmed off your daily appearance there, meanwhile you're not a threat to your bosses, which is bad for your future as an entrepreneur yourself. So, reverse the timeline: peel gov back from the credit market, a price balance should occur.
Tuition prices rose because credit defied your "rule" about scarcity. suddenly it wasn't scarce-- it was distributed to everyone in larger and larger orders of magnitude, starting in the 80's. Colleges could demand, then receive higher tuitiion because the "demand" became essentially unlimited--government backed all the student loans thus bloating the market price balance. AKA, student loans became a bubble. Now students equally hold more useless degrees which cost them historically more.
Before the economy fell my industry required a collage education. Now that we have a bad economy my industry also requires 3 years of industry experience. It is very frustrating. Why I am back at school. MBA here I come.
Lurker1979 3 months ago
Very well said
bigboywasim 4 months ago
The surplus of all the free learning resources and classes that are found outside the educational establishments today should lower the costs of tuition to almost zero.
TheChertron 4 months ago
Your analysis and conclusion is inescapable: Those folks on OWS who want more Obamacare either in housing, education or jobs are misled. More Fed intervention=more misguided outcomes. They should instead focus on ending the Federals entirely, as these unprofitable enterprises (also not hiring people) like banks, nuclear power stations, and farms, can be phased out ASAP.
powergirl901 4 months ago
Glad I watched this a second time. Your look into the fundamentals is actually sound...amazing. Didn't think you had it in you...Remember Alex, you're only being exploited by Wall Street now because you're just smart enough to produce excess profits that can be skimmed off your daily appearance there, meanwhile you're not a threat to your bosses, which is bad for your future as an entrepreneur yourself. So, reverse the timeline: peel gov back from the credit market, a price balance should occur.
powergirl901 4 months ago
Tuition prices rose because credit defied your "rule" about scarcity. suddenly it wasn't scarce-- it was distributed to everyone in larger and larger orders of magnitude, starting in the 80's. Colleges could demand, then receive higher tuitiion because the "demand" became essentially unlimited--government backed all the student loans thus bloating the market price balance. AKA, student loans became a bubble. Now students equally hold more useless degrees which cost them historically more.
powergirl901 4 months ago