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Abolish federal loans for degrees. The insane cost of college will solve itself literally over night. Letting 18-22 year old children take on six figures of de

Abolish federal loans for degrees. The insane cost of college will solve itself literally over night. Letting 18-22 year old children take on six figures of debt that can not be discharged via bankruptcy is insane and downright immoral. If the government wants to give away Pell grants then please do so by all means. But federally backed loans are causing irreparable harm.

WalterBright 5y ago
That's right. Note three industries that suffer from constant attempts by the government to reduce costs - education, health care, and housing. The reverse is the result of these idealistic but misguided programs. Note another industry with zero regulation - software - where costs have declined to zero. Capitalist swine that I am, I also give away the software I write for free.
- 8note 5y ago
  The goal of the government reducing these costs is to make sure poor people can use them. A free market solution chooses to not serve poor people, so it can be cheaper for richer people. Its not the same thing. (Notably, government taxes in software are still 30% revenue, eg. The AppStore)
  - forrestthewoods 5y ago
    > The goal of the government reducing these costs is to make sure poor people can use them. The tragic irony is that the government’s involvement has had the opposite effect. College is more unaffordable than it has ever been. A pure free market solution is not perfectly optimal. But it’d be a hell of a lot better than the unmitigated disaster that exists today.
  - WalterBright 5y ago
    > A free market solution chooses to not serve poor people McDonald's serves poor people. Apple sells tons of iphones to poor people. For the coup de grâce, the free market provides free software to poor people!
  - alentist 5y ago
    > The goal... ...is not as important as the result. https://en.wikipedia.org/wiki/Unintended_consequences https://en.wikipedia.org/wiki/Unintended_consequences > A free market solution chooses to not serve poor people, so it can be cheaper for richer people. Your claim is contradicted by the real-world data in almost any industry.

WalterBright 5y ago

That's right. Note three industries that suffer from constant attempts by the government to reduce costs - education, health care, and housing. The reverse is the result of these idealistic but misguided programs. Note another industry with zero regulation - software - where costs have declined to zero. Capitalist swine that I am, I also give away the software I write for free.

8note 5y ago
The goal of the government reducing these costs is to make sure poor people can use them. A free market solution chooses to not serve poor people, so it can be cheaper for richer people. Its not the same thing. (Notably, government taxes in software are still 30% revenue, eg. The AppStore)
- forrestthewoods 5y ago
  > The goal of the government reducing these costs is to make sure poor people can use them. The tragic irony is that the government’s involvement has had the opposite effect. College is more unaffordable than it has ever been. A pure free market solution is not perfectly optimal. But it’d be a hell of a lot better than the unmitigated disaster that exists today.
- WalterBright 5y ago
  > A free market solution chooses to not serve poor people McDonald's serves poor people. Apple sells tons of iphones to poor people. For the coup de grâce, the free market provides free software to poor people!
- alentist 5y ago
  > The goal... ...is not as important as the result. https://en.wikipedia.org/wiki/Unintended_consequences https://en.wikipedia.org/wiki/Unintended_consequences > A free market solution chooses to not serve poor people, so it can be cheaper for richer people. Your claim is contradicted by the real-world data in almost any industry.