2 ms·

I know what university is like in New Zealand. I live here and went to university not long ago. The fact that your debt is interest free is nice, but it's stil

• kristopolous 6y ago
  Sure. As it currently exists But I refuse to be confined by the structures intentionally legislated by decades of Austrian economic policy to try to convince me that there is no alternative. The debt could be erased, for example, if someone chooses a position of high societal ROI, such as say, an urban planner. Reward people if a need of society is satisfied. Things can trivially be reshaped to encourage what we want instead of us always feeling pressured to do what we don't. Conforming our laws and incentives to a particular ideology wasn't necessary, it was a choice we can change.
  • imtringued 6y ago
    Considering the low yield on treasury bonds it would be foolish to not invest that money into higher education. After all, if you just let it sit there it is going nowhere. It's neither going to employ people today, nor ensure that workers of the future are highly qualified. The fact that you mentioned Austrian economics is actually quite relevant here. All economic theories are ideologically driven because there is no meaning of life. There is no objective metric to optimize for. Austrian economics' goal is the minimum possible economy. Inflation driven ideologies have the maximum possible economy as their goal. We get to choose what we want for ourselves and we definitively should use that power.