Valin Posted June 29, 2012 Share Posted June 29, 2012 Real Clear Politics: Glenn Harlan Reynolds: 6/28/12 "The buyers think that what they're buying will appreciate in value, making them rich in the future. The product grows more and more elaborate and more and more expensive, but the expense is offset by cheap credit provided by sellers who are eager to encourage buyers to buy. Buyers see that everyone else is taking on mounds of debt, and they're more comfortable when they do so themselves. Besides, for a generation, the value of what they buy has gone up steadily. What could go wrong? "Everything continues smoothly until, at some point, it doesn't anymore. Yes, this sounds like the housing bubble, but I'm afraid it's also sounding a lot like the still inflating higher education bubble. College is getting more expensive, a lot more expensive. At an annual growth rate of 7.4 percent a year, tuition has vastly outstripped the consumer price index of 3.8 percent. It's skyrocketed past spiraling health care increases of 5.8 percent. Even the housing bubble at its runaway peak pales in comparison. (Snip) "Bubbles form when too many people expect values to go up forever. Simply put, the cost of higher education has far outpaced its actual value. The bubble is going to burst." The Higher Education Bubble Glenn Harlan Reynolds Question: Should most of the young people going to college really be going, if so why? 1 Link to comment Share on other sites More sharing options...
Valin Posted July 2, 2012 Author Share Posted July 2, 2012 Link to comment Share on other sites More sharing options...
Geee Posted July 2, 2012 Share Posted July 2, 2012 http://www.therightreasons.net/index.php?/topic/40692-the-pension-bubble/ Link to comment Share on other sites More sharing options...
clearvision Posted July 2, 2012 Share Posted July 2, 2012 Do they still have "trade" type of classes in high schools anymore? Shop, 4H, drawing, etc. Link to comment Share on other sites More sharing options...
Valin Posted July 2, 2012 Author Share Posted July 2, 2012 Do they still have "trade" type of classes in high schools anymore? Shop, 4H, drawing, etc. Don't know but John Ratzenberger Is concerned. Ask yourself this simple question (Pat. Pend.) Who is more important to the nation an MBA or a Plumber? Here is what is weird I've spent my whole working life out on the factory floor, making stuff, fixing the machine....and I have basically no mechanical aptitude, I mean I still have to say "Righty Tighty..Lefty Loosey." Link to comment Share on other sites More sharing options...
Valin Posted July 2, 2012 Author Share Posted July 2, 2012 Death by Degrees Link to comment Share on other sites More sharing options...
clearvision Posted July 2, 2012 Share Posted July 2, 2012 Ask yourself this simple question (Pat. Pend.) Who is more important to the nation an MBA or a Plumber? Well it depends. Just anybody going and getting an MBA is probably not important. But someone with talent and ability to run an organization, especially with international implications is probably more important "to the nation". Without us being able to sell stuff to the rest of the world (because we import so much) we will overtime not be able to "hire" the plumber and have to do it ourselves or do without. Now if you had said "farmer" maybe slightly different. Certainly way too many going for businesses degrees though that will never add enough value to pay for their degrees. Link to comment Share on other sites More sharing options...
Valin Posted July 2, 2012 Author Share Posted July 2, 2012 @clearvision What happens if there is a shortage of MBA's? What happens if there is a shortage of plumbers? Link to comment Share on other sites More sharing options...
Valin Posted July 17, 2012 Author Share Posted July 17, 2012 HOW BAD ARE AMERICAN PUBLIC SCHOOLS? Link to comment Share on other sites More sharing options...
Pepper Posted July 17, 2012 Share Posted July 17, 2012 @Valin Thanks for link(s). Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now