Wednesday, June 25, 2014
Yahoo: Fewer head for college--which might be a good thing
This is the kind of typical garbage that Yahoo has been putting out since Mayer took over.
The editorial content of their Finance channel has gone right down the toilet to the point where we are being told that reduction of liberal education for our young people is "a good thing", which has never been true and never will be.
Other than this it continues to trot out every kind of gold bug, libertarian, debt doomsday, sub-human hominid they can get to show up at their studios.
Yahoo Finance continues to be a big disgrace.
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4 comments:
This is the hot new opinion fad among the well-educated classes. They think they are being progressive; but they actually want to deny people the opportunity to acquire the same intellectual and cultural privileges they have.
$1+ trillion loan bubble will be the next mushroom cloud to emerge. Money is fungible, so Federal involvement and subsidies to higher education only makes it possible to pay higher salaries to professors and administrative staff which continuously drives up tuitions.
Ed I agree with some of your observations there that the cost increases are being caused by govt policies...
But as far as the "mushroom cloud", much of the recent (since 2010) student loans are owed directly to the govt with the nationalization of Salle Mae back then....
so if a bunch of graduates default on these govt loans, it is not going to take down the banking/payments system... the effects of defaults like this are perhaps better compared to non-payment of taxes...
rsp,
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