This discussion of college loans gets one big point right. Major universities are hedge funds with an apprentice program for future hedgies attached. That’s all. Demons training demons.
The discussion misses the PERMANENCE of this situation. Colleges were FOUNDED for this sole purpose. Nothing has changed for 1000 fucking years. At one time the A&M landgrant colleges broke out of the model, but they eventually converged.
Woke shit is temporary and superficial. The permanent ideological problem is the orthodox doctrines inside each discipline, which are rigidly maintained by tenure and grants. These doctrines don’t always align with conventional politics, but in each case the PEOPLE who maintain them are the same PEOPLE who maintain the elite political doctrines. Elites are always working for chaos and disorder, even in math and physics. See Godel and CERN. Those are the real problems, not woke “social justice” math. In fact some of the wokers are heading in the proper direction, attempting to teach REAL WORLD math instead of quantum quackery.
On the solution side, the discussers don’t see any political solution, and they’re correct.
BUT they totally neglect the Powell Solution. Powell, in league with other central bankers in UK and EU, is solving two ends of the problem at once.
By tightening the flow of free funds to venture capitalists and hedge funds, he’s making it much harder to start new idiotic programs or gain demonic donations from venture capitalists.
Increasing interest makes every loan less attractive. Regardless of forgiveness, a parent or student will see a MUCH LARGER future debt.
There’s your solution. WHY ARE YOU STILL FIGHTING THE SOLUTION? YOU SHOULD BE BACKING POWELL TO THE HILT.
Polistra's Mill 