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>No economy survives a sudden injection of trillions of dollars Really? Why not? The current package and the last one amount to about 10% of the total economy.
by Finnucane 6y ago
>No economy survives a sudden injection of trillions of dollars
Really? Why not? The current package and the last one amount to about 10% of the total economy. That seems survivable, especially when the alternative is a lot of people not surviving.
- matheusmoreira 6y agoBecause if you inject trillions of dollars into the economy, people are going to notice and they will immediately move to capture as much of it as possible. No system remains honest when faced with such temptation. Student loans are responsible for destroying academic integrity. Schools raise tuition because the government is paying for it. Students will be left with the debt after graduation but by that point they are no longer the school's problem. They also do everything possible to prevent students from dropping out, including interfering with the work of teachers. School administrators are getting rich off of the trilions of dollars being injected into the economy. Meanwhile privileges such as tenure are being abolished because they don't serve the administrator's interests.
- etrautmann 6y agoI think the situation with grade inflation and loans, and the set of incentives in higher ed is a little more nuanced that you're portraying here. Universities have always had to compete for students, and the argument that the incentives pushing for student retention would disappear if student loans didn't exist seems speculative and unsupported.
- Finnucane 6y agoThat’s a long walk back from ‘won’t survive.’