Government housing policies turned "good renters into bad homeowners" and created an unsustainable housing bubble. It's now becoming apparent that government education policies have turned "good high school graduates, many of whom should have pursued tw0-year degrees or other forms of career training, into unemployable college graduates with excessive levels of student loan debt that can't be discharged," and created an unsustainable higher education bubble.
Wednesday, May 23, 2012
Turning Good Renters into Bad Homeowners and Good High School Grads into bad College Grads
The Feds have driven bubble after bubble. They are the ultimate cargo cultists. The goal is to live nobly and well, not to own houses and diplomas. Carpe Diem explains.
Government housing policies turned "good renters into bad homeowners" and created an unsustainable housing bubble. It's now becoming apparent that government education policies have turned "good high school graduates, many of whom should have pursued tw0-year degrees or other forms of career training, into unemployable college graduates with excessive levels of student loan debt that can't be discharged," and created an unsustainable higher education bubble.
Government housing policies turned "good renters into bad homeowners" and created an unsustainable housing bubble. It's now becoming apparent that government education policies have turned "good high school graduates, many of whom should have pursued tw0-year degrees or other forms of career training, into unemployable college graduates with excessive levels of student loan debt that can't be discharged," and created an unsustainable higher education bubble.
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