Friday, March 28, 2014

Helped to Death.

Over in comments at Silicon Graybeard's, talking about the state of the Governmental-Education Complex today:
"If the federal government made auto loans subsidized, guaranteed, and undischargeable by bankruptcy, a Chevy Sonic would cost $150k and you would need to show proof of new car ownership to get all but the most menial of jobs."

4 comments:

  1. Got that right. If you can hold people up, most business will.

    Profit has no morality

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  2. And that Sonic wouldn't have the necessary drivetrain to transport you to gainful employment, causing you to cry in your parents' basement, bemoaning your $150K loan on a car your parents and society told you you had to have.

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  3. Profit comes in different flavors. The auto dealer in the example would rake in the cash; education administration jobs seem to be the "profit" generated by current educational loan policy.

    At least the auto dealer would spend the cash in the local economy. As far as I can tell, "education administration" money falls into a black hole and produces nothing at all.

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  4. Right - but money isn't the only thing people get held up for. Governments do it for power.

    And Tam - that statement is in danger of collapsing into a black hole of Win.

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