I've saying for years college can be a waste. Expect a melt-down if student loans go away. http://burndownthefreakingmission.com
Amplify’d from lewrockwell.com
A system
has grown up that encouraged enormous debt for nonperforming assets,
namely, schooling in things that won’t pay off. People are
still falling for it. But markets aren’t mocked forever.
There has to be some painful write-down in central bank-distorted
asset values before the economy can regain solid footing. This
is just as true for higher education as it is for real estate.
See this Amp at http://bit.ly/vSL7K4
No comments:
Post a Comment