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Ah yes, the student-loans. Incredible world indeed. Personal debt that enslaves people for live is okay, but writing off big bets by big banks (or entire countr
by digitalengineer 13y ago
Ah yes, the student-loans. Incredible world indeed. Personal debt that enslaves people for live is okay, but writing off big bets by big banks (or entire countries!) is no problem. On a side note: the more a student can borrow, the more the cost of education rises... This is made possible by governement as well as banks by the way. I feel Iceland did it right: let the banks go bust and even write off personal debt of people's morgage.
- Nursie 13y ago>> the more a student can borrow, the more the cost of education rises... Yeah, it's like house prices. Houses inflate to whatever people can afford. So when the price of houses goes out of reach of a lot of people (like here in the UK) the obvious solution is for the government to demand people get easier access to debt, and to start pumping public money into the housing market. Because that totally won't just inflate the prices further...
- digitalengineer 13y agoOh yeah, it's the same thing overhere. I used to love watching the BBC's program where people "flipped" houses. Nowadays the reruns come with a official warning, ha ha!