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Don't condescend. The logic you've spelled out above is far from an obvious conclusion - and even if it were, we make decisions on good data, not just how much
by potatolicious 13y ago
Don't condescend. The logic you've spelled out above is far from an obvious conclusion - and even if it were, we make decisions on good data, not just how much a reasoning makes you nod.
> "And if you want to check the concept, look up how much of a college education is subsidized by government loans today, versus 30 or 40 years ago"
Graph the price of gold vs. number of sea pirates in the world and you'll also get a correlation. The explosion of loans is highly correlated with rising tuition - the citation part needed is the causal link.
- adventured 13y agoI wasn't trying to be condescending, so I adjusted my response. I think the link is obvious, you don't. I think that anytime the Feds provide blanket guarantees for loans that can easily be taken advantage of by tens of millions of people, you tend to get substantial price inflation. Particularly when there are no checks on the loans that connect to the real economy.