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On the other hand, 18 year old wannabe sculptors are probably poor judges of value. And why should they be? It's no crime for your talents and experience to be
by Daniel_Newby 14y ago
On the other hand, 18 year old wannabe sculptors are probably poor judges of value. And why should they be? It's no crime for your talents and experience to be outside business accounting.
The judge of value should be the underwriter. If Bank of America wants to buy some goofy kid a $100,000 sculpting business, let them bear the risk if that plan tanks. They can repo the chisels.
Edited for grammar.
- jlgreco 14y agoThis I think is a key insight. Young people tend to be idealistic, that isn't going to change, and it shouldn't even be changed. We need that idealism in the world. A viable and palatable solution should therefore address the people enabling (or even encouraging) these idealistic young people to make poor decisions. There is a lot of money in convincing people that getting degrees that they won't be able to use is a good idea. A lot of money for everyone but the student.
- Evbn 14y agoThe US govt is underwriting the loans. That is what needs to stop.