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Well, /pol/?
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You are currently reading a thread in /pol/ - Politically Incorrect

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Well, /pol/?
>>
>>61253280

Wall Street has more reliable returns.
>>
Basic economics. Collage loans are a riskier investment because of a high default rate. Basically students could get higher loans if they weren't such niggers about paying them back.
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>>61253280

What are credit ratings and collateral

Saged
>>
>>61253345
/thread
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>>61253280
Warren will burn as well.
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>>61253280
What is "collateral"
>>
College students have no collateral.

If I defaulted on a loan, there is nothing the bank could take from me that would pay it back. I am a high risk, low reward loan applicant and therefore I have to pay more for the loan.
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>>61253345

so?
>>
Wall Street isn't blowing that money on a degree in gender studies.
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>>61253501
>>61253504

SO WHAT
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>>61253507
so? It's a safer loan to make.
If you get a student with no credit history going to college and you don't know what major they're going to pursue, the risk is significantly higher than that of Wall Street who have the capacity to pay back loans.
>>
Perhaps if college students stopped taking shit courses like gender studies and had backers in case they never pay their loan back then college loans could be cheaper.
>People actually have to take loans to get through education.
Protip: If you need loans you have wasted your childhood.
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>>61253351
>Basic economics
Peter and Paul economics I think, students are like near the bottom of the food chain now and probably the first thing they should learn before leaving mothers basement.
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>>61253351
you don't know how to spell college and you can't default on your student loans.

also, you're a faggot.
>>
>>61253649
Are you asking for instruction on financial issues?
Is this just a call for help?
>>
>>61253345

This. Berniefags can't into risk management.
>>
>>61253657

youre not getting it

>rationale

not good enough to justify the fleecing of college loaners

>, the risk is significantly higher than that of Wall Street

so what?
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>>61253730
While legally you cannot default on student loans in the US, the projections as they stand now is that they won't be repaid regardless. To the tune of 225 billion.

https://www.youtube.com/watch?v=NJzBGNQbHwc
>>
>>61253351
>If they weren't such niggers about paying them back
Then why give them high interest rates in the first place In conjunction with constantly raising the cost of living and tuition rates. Yea when the cost of college alone for one year can give ne an apartment for a two year lease high interest rates on loans seems pretty retarded and defaults seems like the likely outcome. Either reduce interest rates. Regulate the economy better or reduce the cost of living and tuition fees. Better yet all of the above and you solve this problem completely
>>
>>61253861
Really? Like REALLY!? ITS CURRENT YEAR!
>>
>>61253861
Jesus Christ. Why would a bank want to make a risky loan, knowing full well they may not get their money back?
>>
>>61253861
I'm not gonna lend a fifty to my friend who has a kid or no job, the odds of me getting it back are too low. There has to be an incentive to lend.
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>>61253787

>instruction on the status quo

yeah now im well versed

what you arent getting is that the status quo is the _enemy_

higher education and student loans are done "right" in those places with higher/much higher standard of living than the USA where college loaners are treated as objects/parasites
>>
>>61253649
Jesus you're dumb.

If 0.75% was the rate cap for a student loan, absolutely nobody would voluntarily lend to them.
>>
>>61253657
>college student with no credit history
Highschoolers are supposed to have credit now?
>>
>>61253974
I'm not saying they should have credit you fucking idiot. That just makes the loan riskier to make. Jesus stop posting and open up a textbook
>>
>leftists in charge of understanding basic economics
>interest on loans should be determined by ideology and not economic factors

There are so many unperforming student loans from people who get useless SJW degrees and can't pay them back that the interest rate needs to be high just in order to break even let alone make a profit.

Basically successful people have to pay a high price to subsidize all the failures

The problem is that the government doesn't allow banks to deny loans to people pursuing useless degrees
>>
>>61253938

well golly gee i guess if thats the way WE'VE been doing it then it must be the ONLY WAY IT CAN POSSIBLY BE DONE

schucks, i guess theres nothing can be done!

:(
>>
>>61253861
Perhaps one day unicef will get into the college loan business
>>
>>61253974
Nobody ever said that
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>>61253951

*now=no

>>61253957

youre problem here is there are many many variables that you consider immutable constants that need not be so i order for the system to be fixed and fair
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>>61253927
>Then why give them high interest rates in the first place
risk vs reward

Seriously, if socialists knew anything about economics they wouldn't be socialists. Education kills socialists.
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>>61253861
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>>61254027
>all I can do in this thread is ask SO WHAT and make bullshit responses that have no relevance to the discussion at hand.
>muh status quo
You have yet to offer an alternative, you just bitch at the people who tell you the reason why student loans have higher interest.
>>
>>61253927
Because free government bucks. There's no incentive to keep prices competitive when federal loans are so available.
>>
>>61253280
ITS NOT THE GOVERNMENT CAUSING PROBLEMS, THE COLLEGES THEMSELVES ARE THE ONES TAKING ADVANTAGE OF THE KIDS BY ENCOURAGING BEHAVIOR THAT TURNS KIDS INTO INDENTURED SERVANTS.
>>
>>61253649

The loans are actual money from an actual person's pocket.

It's just not made out of thin air.

The lenders are propositioned with, "you are either 100% guaranteed to get this loan paid back by Wall Street, but there's a 1-in-10 chance that a loan you give to a college student will end up in default."

The latter will naturally require a higher interest rate because the lenders are taking a greater risk.
>>
>>61254020
>>61254082
>>61254057

no, your just saying they can "get fucked"

unless they are lucky enough to have family wealth that makes this a non-issue for them

those of us who actually care and dont think the problem is insurmountable can actually break out of the box of thought you have trapped yourselves in and see a clear path out this joke, where everyone's life improves EXCEPT those who are the parasites at the top at present.
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>>61254143
College can raise prices because the governement is giving students easy money. Governement is at the source of the problem here m8
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>>61254111
appeal to accomplishment
impling solutions are not present here all the time that you just handwavium away

>>61254109
grow up
>>
>>61253280

>fucking retarded polisci dimwit talking about economics

please die
>>
>>61253280
Students treat college as a profit center that is the only reason they go!
>>
>>61254242
No, the government is doing what it is doing in good faith and the colleges are reaming both the kids and the government over it.
>>
>>61253280

College loans need to be default-able after a set amount of time. You have removed free market principles from the system. If banks had to take the risk they would only do loans for degrees that actually translate to a job. You are feeding shit like womens studies and bullshit art degrees. You are feeding cancer.
>>
>>61253951
So fuck off to one of those places and learn what they mean by "higher standard of living"
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>>61254027
Just say you want welfare for college, it's ok.
>>
>>61254164

im not fuzzy on the way is HAS been, what you need to realise that situation is not immutable

as I said before, look at how it is done where there is a higher standard of living

everyone is better off except in those places except the folks who are the "top" of lending business here
>>
>>61254143

hell yeah nigga

this my shit right here

preach
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>>61254355

>false dilemma

>appeal to accomplishment

>>61254357

>mind reading
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>>61254219
>no, your just saying they can "get fucked"
Welcome to the real world. Get fucked.
>>
>>61254341

college.usatoday.com/2015/08/20/report-federal-aid-rising-tuition/
>>
>>61254242
This is absolutely right. We could also open more colleges if there was less government regulation. The government can put a cap on tuition prices to force colleges to focus on quantity of students so more people can get into college cheaply. Some states already have tuition caps. There's tons of solutions the governments could do, but right now the colleges are just taking advantage of all the money government is throwing at it. And so are the students who qualify for government loans.
>>
>>61253909

Why are banks still giving out loans for shit degrees that do not produce jobs. they are not rational actors in this situation.

Also its a bubble and it will pop eventually.
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>>61254273
Is englisch really that hard?
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>>61254273

Basically there are two types of solutions:

1. Let the free market allocate resources. In which case, banks would lend at a lower rate, but they would select students (i.e. only fund STEM/medicine/etc. degrees)

2. Have the government fund students, one way or the other (direct subsidy, artifically lowered interest rates, etc.)

But having artificially low rates is basically a subsidy.
>>
>>61254219
Great, we're waiting to hear your great ideas!
>>
You have to make a choice, either you just let the state pay for education completely or else it's completely free market.

If you just give students cheap and large loans, colleges are just going to keep raising their fees. Simple supply and demand.
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>>61253861
If you're certain of it you're welcomed to start your own loaning company at 0.75%. I mean all the customers will surely flock to you at that rate and all your competition will be out of business. See how well you do.
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>>61253861
>>, the risk is significantly higher than that of Wall Street
>so what?


Ok lets play a game.
>Hello, I would like $30k per year for 4 years so I can get an education degree with no plans to pay it back for 20-30 years. Also, I have no credit history.
vs
>Hello, I would like a $1mil loan for my business worth $25 mil. I have been working up to a loan of this size for 10 years, I plan on paying it back within 2 years, I have an impeccable credit score, and I'm willing to offer equity in my company for this loan.

Which would you choose, Mr. Sanders?
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>>61253345
Liberals think of loans as a gift kek they dont even get what returns or investments are lel.

If anything the reasonable reaction would be to give businesses less easy money, not to give people the same easy money.
>>
>>61254219
>your just saying
You keep talking about how you know the answer yet you haven't proposed anything yet.

See >>61254242
>>61254143
>>
government should pay 100% of college costs for everyone who scores in the top 15% on a standardized IQ test that is administered every year.

there should no one other form of government support. this way the most intelligent people are guaranteed to be able to go and colleges would have to charge reasonable prices for everyone else.
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>>61253280
But who will feed joos then?
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>>61254499
B-BUT SO WHAT?!?! MUH STATUS QUO!!
>>
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>>61253280
breh, what is risk premium?
what is collateral?
how does the maturity of the loan affect the interest rate?
how do economics work?
>>
>>61254368

This sounds a lot like the "muh perfect european socialist countries" argument.

Can you give concrete examples instead of alluding to "better" countries?

At some point, the government having its hand in the economy is going to fuck it up completely.

Yes, I would personally love to have a 0.75% interest rate on my remaining $62,000 in student loans I'm currently paying off. But I literally got this money loaned to me with no collateral and no credit history. My lenders took a huge risk on an 18-year-old kid.

It's just not how the world works.
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>>61254513

We shouldnt be keeping the 4 year model afloat. High school should be fixed to get basic math and writing down and then the 2 year model should be pushed. That way we can do cheaper community colleges for the general shit and the second two years people can have idea by then what they want. Can do trade or certificate or finish a bachelors. The 4 years schools are growing out of control.
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>>61253351
This. And backing by govt. Has caused anyone to get a degree in anything and not what is currently valued in the market. Affirmative action has put people who wouldn't and shouldnt be in college otherwise in. Policies on accepting everyone and govt. Subsidised higher education is what has fucked college prices.
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>>61253957
private banks dont lend to students, the government does. the vast majority of student loans are from the federal government.

government lends to students
government lends to banks at .75% interest

if government can do the second they can do the first.

and wall street is a much worse bet than college students, wall street creates literally no value. in fact it destroys value massively. maybe you forget 2008. every bank executive could be in jail is obama wasn't too much of a pussy to prosecute. they're all worthless parasites.
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>>61254413

>false dilemma

>>61254454

>ad hom

>>61254497

>appeal to accomplisment

>strawman


>>61254499

way to read the thread

>>61254504

yeah thanks i dont know if i will bother, as im well versed in the cookie cutter outrage of the suggestion said answer which i have seen many many times on here

but ive HINTED at the answer, if you can read between the lines
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>>61254440
I can guarantee you that colleges would be more discerning about who they let in and what degrees they offered if the government made them partially responsible for the debt in the even of a student failing to pay.

Ultimately the responsibility rests on the colleges here because they allow unprepared failures of humanity to graduate.
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>>61254411
You have a mental disorder, don't you?
>>
>>61254651

Government lends to banks with collateral, for short maturities to address a liquidity crisis.

You can't compare that to lending to students with zero net worth, for maturities in years.
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>>61253280
Well, first off, these companies have fucking millions with some excellent credit on the side.

Normal loans don't cost as much in interest because they're willing to give up to a certain limit and the loaner has some more control over the debtor as it takes a big impact on their credit

There is almost no consequence and no collateral with student loans as many companies don't give much importance to things like medical bills and student loans. Not only that, but IIRC, the government can help with student debt
>>
The entire system is absolutely retarded.
Why the fuck has someone to pay a life-ruining amount of money for education when the nation needs more people with higher studies? And even more, it's fucking obvious that only a few have that money at that stage in their life PROVIDED by their parents. It's absolutely ridiculous.

It's like this:
>i need bread from the store, but i am physically disabled, but rich
>i ask my underlings to put up landmines, assassins, obstacles and other traps along the road until they reach the store
>i ask my underlings to get bread from the store, walking that road
>OH MY GOD SO INCOMPETENT UNDERLINGS, WHY CAN'T ANYBODY BRING ME BREAD, THEY ARE SO STUPID
>apparently i am mentally challenged too, but i can't realize it
>>
>>61253280

I'm glad to have done my part by defaulting on my student loans.

9 years and counting
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>>61254684
>I-I know the answer, I just haven't said it yet
>muh logical fallacies

Nice response to >>61254499
Really informative.
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>>61254651
HOW DOES EXPANSIONIST MONETARY POLICY WORK?

>LOL, DUNNO, I VOTE FOR SANDERS
>>
>>61254684
>implying you've contributed anything

man it must be fun to be an idiot.
>>
>>61254602

>status quo

yes, the way it is cannot be changed

oh wait....

>>61254542
this

>>61254630

>government fucks it up completely

>economy was better before any regulation

>lawless in banking is better

like..... many hundreds of years ago?
yes, there were a precious few _very_ happy people then, which is what matters
>>
>>61253280
profits are needed to offset default and population growth in the next graduating class
>>
>>61254684
>I have nothing to back up anything I say, but you're all wrong and I'm right!

I think we're done here
>>
Are liberals human?
>>
>>61253280
Probably the only smart-ish thing she's ever said.
>>
>>61254855

Yes, they're just idiots.
>>
>>61253280
What collateral does the student offer for security of their debt?
>>
First came free public elementary education.

Then came the free public four year post-elementary schooling.

Now they're talking even more years of education provided to citizens by its government.

where does this madness end?
>>
>>61254772
i see education was too expensive for you romania
>>
>>61254795
>>61254789

the fix is: do it how they do it where it is done better (better meaning: more people are more happy)

Yes, something has to give, and that short end would be the end that the people at the top of the lending chain have here and now.
>>
>>61254805
>>government fucks it up completely
>>economy was better before any regulation
>>lawless in banking is better
>like..... many hundreds of years ago?
>yes, there were a precious few _very_ happy people then, which is what matters

There's a world of difference between "regulation" and "trying to brute-force some good feefees."
>>
>>61253280
>knowledge and the ability to keg stand are considered collateral
>>
>it's more reilable
>SO WHAT???
>real stuff matters
>NOO MUH PREFERENCES DO MOAR

top kek
>>
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>>61254789
>>61254835
>how to argue like a liberal step 1

>>61254855
Debatable
>>
>>61254702

i can fit those linked posts to perfectly fitting those fallacies like star pegs in star holes if you would like me to
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>>61254772
Communications isnt higher studies
>>
>>61254791
sanders misunderstands a lot of economics but still has the best economic policy of any candidate. it's sad but true.

expansionist monetary policy doesn't work too well. especially when the vehicle is giving the money to wall street banks because that sector is a drag on the overall economy, they're all worthless parasites who should be in jail. government should have stimulated with fiscal policy instead.
>>
>>61253280
most student loans don't build interest at all until you are out of school.
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>>61254958
In a complex economy with growing amount of people, everyone has to get riskier or more educated to stay competitive
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>>61255079
false.
>>
>>61254971
>implying that selling your livers for college is logical
okay, america, you're the best
>>
>>61253280
Student here, degree level education is not, and should not ever be a right. You want a degree, you gotta work and pay for it. Simple. as everyone says, lending to a student is risky af so warrents a high interest rate.
>>
>>61254913
They fake being stupid. Its all about tearing down the fabric of this country because of revenge hunger.
>>
>>61255132
>not enslaving yourself to the winning team
enjoy starving to death
>>
>>61254991
>There's a world of difference between "regulation" and "trying to brute-force some good feefees."


yes, one fits your idea of "acceptable", merely because it is what you are used to,

and the other makes many lives better at the cost of the unfair excess of a few, which is evil as far as you are concerved, because it is change, and that is scary, and everyone who is rich deserves everything they have if they arent under indictment

>>61255018
yeah who gives a fuck who is suffering or how much because

>THEY AGREED TO IT SO THEY MADE THEIR BED AND THEY CAN DIE IT

even if there is no alternative,

>THEY HAD A CHOICE

oh right, even if the alternative is basically the same level of misery by trying to function without touching the loan system and not having the foresight to have been born rich
>>
>>61255181
I'd rather starve to death, than die as a 400kg fat human with diabetes
>>
>>61254772
The simple fact is that we don't need more people with "higher studies" when those studies are not of value.
The value of college was in the fact that it prepared you for jobs that required a ton of study in areas that were not commonly understood, and materials that were not commonly available to people in the past. Modern colleges still have some schools within them that require these, but most of the schools resources are spent on "education" that amounts to little more than babysitting for people who aren't smart enough to even find let alone attend the classes which would provide them value.
>>
>>61255121

True, actually.

Do you have a student loan?
>>
>>61255231
>implying college is the only way to prosperity
>implying everyone has a right to a college degree
Mike Rowe would like a word with you
>>
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>>61255045
do you have any idea how large the fiscal policy has been in the US during Obama administration?
check out how much the debt increased, now that is your fiscal policy that was funded on newly issued gov bonds.

US econ has been growing since 2010 thanks to your excessive expansionist monetary policy + healthy diverse economy + population growth
Finnish economy hasn't grown since 2007. It's a lost decade.

I almost wish you elect Sanders who hopefully then crashes the US economy, with the rest of the world winning as the largest companies and richest people flee somewhere else.
>>
>>61255181
>>61255132

these guise get it
>>
>>61255132
>selling your liver
ITS A KIDNEY YOU MORON, SELLING YOUR LIVER WOULD KILL YOU
>>
>>61255387

>implying college is the only way to prosperity

irrelevant

>rights

subjective
>>
>>61255466
yeah, i mess up those two words often
>>
>>61254219

no we're saying they have no right to take other peoples money given the fact, proven by student loans today, that they aren't going to pay it back
>>
>>61253861

Why should a bank loan money to students?
>>
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>>61255121
i didn't say all loans are like this.
just the loan i took out.
only one i ever needed and it's payed off
don't care if you believe me either.
>>
>>61255494
That's perfectly relevant. You're implying that without a college degree you're left in the dust.. T
>>
>>61253280
I think it's because street borrows such large quantities of money. Like anything is cheaper to buy in bulk.
>>
>>61255231
>yes, one fits your idea of "acceptable", merely because it is what you are used to,

Do you think these principles were just pulled out of a hat? Or perhaps the hundreds of years of human existence before us sculpted it to be the most just and prosperous system there is?

I don't argue this because it's what I'm used to. I argue it because it makes sense.

>and the other makes many lives better at the cost of the unfair excess of a few, which is evil as far as you are concerved, because it is change, and that is scary, and everyone who is rich deserves everything they have if they arent under indictment

Federal student loans have interest rates of about 3-6% depending on the year and whether they're subsidized or not. This interest rate pales in comparison to the principal taken out. It's not the interest rate that gets students, it's the massive principal.

I'm not "scared of change," I'm vehemently opposed to it because it will fuck everything up.

If you have a 10% default rate on student loans and only make 0.75% on them compared to a 0% default rate on Wall Street loans, which one are you going to invest in?

Like I initially said, these are actual people taking actual money out of their pockets. You are taking another person's money with a loan. You have to incentivize your lenders.
>>
>>61255590
i know there are some that do, some loans the government pays the interest charges until you graduate. but you're wrong that this is "most" loans.
>>
>>61255581

why should there be a minimum wage?
>>
>>61255231
They could pursue a trade instead of Hispanic Intellectual Studies.
>>
>>61255301
wont be saying that as youre starving, bitches tryin to act hard on the internet
>>
>>61254219

>they can "get fucked"
They're not getting fucked. Someone is still taking the risk of loaning money to people with no credit history and no collateral and a lot of the time no idea what they are doing (muh womyns studie).

If they wanted a better rate they could choose not to go immediately into post-secondary education and work for a few years whilst building credit. Apply for credit cards, and paying them off regularly for example.

How would you regulate people with money into lending it with high risk without making a profit?
>>
>>61255664
Why is healtcare a right?
>>
>>61255664
Apples and oranges
>>
>>61255750
healthcare a shit
>>
>>61255664

Well, there shouldn't.

t. Thomas Sowell
>>
>>61253351
>Basic economics.
>Collage
lol
>>
>>61253280
>paying for education
third world problems
>>
>>61254989
Or you could just pay off your loan like a man and stop whining for charity. No one forced you to take federal loans.
>>
>>61255632

>prosperous

prosperous for who?

>I'm vehemently opposed to it because it will
fuck everything up.

check out Wikipedia's standard of living list

it is done differently elsewhere and more folks live lives that are happier and longer

>You are taking another person's money with a loan.

if you could you imagine this statement not being true, you might see the light
>>
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>>61255791

fart
>>
>>61253345
>Wall Street has more reliable returns
>implying
>>
>>61255753

not when it comes to the subjective nature of both
"shoulds"

>>61255793

yes
lets go back to the days when the phrase "workers rights" didnt exist
>>
>>61254958
Free public education at all was a mistake
>>
>>61255813

again with the:

>false dilemma
>appeal to accomplishment
>>
>>61255839
Where else is it done differently, and what exactly is done differently? You have yet to answer this
>>
>>61255466
dont tell that gypo tard anything. maybe he will sell his liver.

then again who knows gypo are liek half turkroach or something maybe they can live without it because they are not human
>>
>>61253345
First post best post
>>
>>61254368
I'm not sure if you have realized, but multiculturalism and socialism cannot co-exist.
>>
>>61253345

It would appear that the first reply post to this thread is the best possible post.

Well done Nigel ebin Winston
>>
>>61255750

It's not.

At best it's a service provided for free, or cheap, by some governments.
>>
>>61255839
>prosperous for who?

Everyone. I get a loan with no collateral and no credit history, and the lender makes money in the long run.

Also, whom*.

>check out Wikipedia's standard of living list
>it is done differently elsewhere and more folks live lives that are happier and longer

Give me concrete examples of the countries you're talking about.

>if you could you imagine this statement not being true, you might see the light

So your whole argument hinges on "maybe money is fake"?

Why not just give everyone millions of fake money right now then?
>>
>>61253280
>A Brokerage that averages 11%annual returns needs a million dollars for an IPO
>A suicidal transgender immigrant needs 120,000 to be a puppet matter

Which fucking deserves a lower interest rate to secure business and build rapport?
>>
>>61256118


>prosperous for everyone

yeah, ok bud

>So your whole argument hinges on "maybe money is fake"?

no, that is actually not it
>>
>>61256053

who gives two shits about multiculturalism?
>>
>>61253927
Interest rate reflects the default risk among other things.
>>
>>61255885

Workers rights/working conditions is not the same as brute-forcing the economy for good feefees.
>>
>>61253351
Pretty much this, along with >>61253345

Wall street has an excellent track record on generating profits, students have jack shit, not even work or life experience.
>>
>>61256213


yes, it is, iboth force the elite to give a little to make the lower classes lives better
>>
>>61256308

*iboth
woops
=both
>>
>>61253280
Youd think a jew would understand interest rates better than that
>>
>>61253280
Even if they get a non stem degree, a degree that is a hobby at best i.e.history, geography, gender studies, religious studies, critical theory, woman studies; basically any social science or humanities course.
>>
>>61256172
>yeah, ok bud
>>I get a loan with no collateral and no credit history, and the lender makes money in the long run.

And now I'm making $60k a year right out of college as a STEMfag. I've got a very nice apartment, furniture, clothes, everything. And I had none of this before while growing up in a low-income, single-mother household.

It's worked for me. Wonderfully so. And that's mostly because I made good choices about my future.

>no, that is actually not it

Then what the hell is it? We keep asking you.
>>
>>61256351

she does, shes saying that the way it works needs to change
>>
>>61253280

Muh bailout, muh FDIC, muh too big to fail.

Why are banks worse than welfare queens
>>
>>61256429
good goy, consume, youll be happy once you get more
>>
>>61256429

>its great for me

>dat anecdotal fallacy

and then:

>keep asking you

and i keep saying, it needs to be done as it is done in those places with a higher standard of living
>>
>>61256102
>a service provided for free

we were joking obviously it's a service
>>
>>61253345

I was under the impression you cant default a student loan, what a bunch of fucking shills itt.

Greek state had reliable returns, never missed a payment yet the Wall Street rating agencies ramped up greek interest from 2% to 30%. Why? To put political pressure on Greece, so that they would privatize their many state owned assets to Wall Street and implement the usual IMF reforms that maximize the profits of american investors.

In a fiat money system the interest mechanic is irrelevant. The interest mechanic serves only one purposes: to enslave and economically exploit all non-jews and all non-jewish nations.

They called the fucking 1973 french law that made national debt possible 'Loi de Rothschild' for a reason.
>>
>>61256308

Not necessarily. Imposing a minimum wage above what someone is currently being paid would only result in cutting staff immediately to shore up the loss in profit.

So now you have more people unemployed.

Listen, I used to think exactly like you. But it simply doesn't work. We're treading into No True Scotsman territory where you say "well, what they have isn't *real* socialism/communism" or start laying out some facts about the other countries' economies you want to model our economy after.
>>
>>61253280
You need to pay if you want to waste a few years of your time. If there are any college classes that should be free it would be STEM classes. You get 2 chances fail twice and you lose the class that you failed and have to wait a few years to try again.
Making all classes free is stupid and there needs to be consequences for failures.
>>
>>61256643

>law named "Loi de Rothschild"

holyshit, you serious?
>>
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>>61256441

>the way it works needs to change

How are you going to convince people to loan money at great risk and low returns.

People have zero reason to lend out their money and risk possibly getting none of it back, just for the benefit of dumbass kids they know nothing about.
>>
>>61256508

I don't care if my anecdote means nothing to you. The current system works just fine when used properly. For faggot degenerates who pick bad majors, it doesn't work so well. And the system is set up to disincentivize bad decision-making by having interest rates on student loans, thus requiring a well-paying degree/career/job to pay back.
>>
>>61253649
So that's how financial institutions can actually function as a business. If they just passed out loans that they could never collect on they would run out of money to loan people.
Bernifags are fucking toddlers.
>>
>>61254772
M8 you went full retard.

When I have a bachelor degree in philosophy and political sciences or in sport theory and I don't understand why I have to flip burgers to feed my 3 kids and wife(with an equally useless degree) then I done fucked up.

Also, in romania cost of living as a student in a big city is (a minimum, mind you, only food and accomodation) around 200€ a month. Of course, you have to work hard and deserve a bed in university-owned dorms and receive free education by being one of the best, but if you cant be in the top 50% then you should be doing something else...
>>
>>61256508
In those "places with a higher standard of living", the cost of education is borne not by the students but instead (principally, depending on the country) by the government - I think that that is what you're alluding to. There are a few points to make about this.

Firstly, switching to that model does nothing to address the fact that a lot of people are graduating with useless degrees that have no economic value. Everyone is stagnating or declining in terms of living standards, if you haven't noticed.

Secondly, having government (basically the country) pay for education is part of the welfare state. This means relatively high taxes (close to 50%, depending on how much you make). Some people want that, and some people don't, so I won't make and arguments for or against there.

If you want to switch to that system, I would like to hear your arguments as to why it is such a good improvement. Having lived in that system myself, I would say that we are in need of reform as well.
>>
>>61256649
>Imposing a minimum wage above what someone is currently being paid would only result in cutting staff immediately to shore up the loss in profit.

wrong

the intended effect, and best solution for all (except the poor, poor parasites at the top), is everything stays the same except income distritubtion

>But it simply doesn't work.

>there is nowhere on earth where people live better lives
>>
>>61256769
>>the way it works needs to change


changes is slow
sometimes violent
but it has not always been as bad, or as good, as it is now

the way it is is not the only way

and there is always white-knuckled vitriolic resistant to revolution, however slow it may be

so, how you gonna convince people to do something they dont want to do?

when change does come, in the end the way those who refuse end up complying is this way:

kicking and screaming
>>
>>61256708

https://fr.wikipedia.org/wiki/Loi_de_janvier_1973_sur_la_Banque_de_France

National debt in this perpetual form didnt exist until after WW2. It is a tool to enslave all once sovereign goyim nations to the international jew.

The right to coin, issue and tax money was once the right of kings, not the right of jewish parasites, and usury was flat out illegal and one of the main reasons why jews got kicked out of Europe in the middle ages.
>>
>>61253676
So if you dont get a full ride scholarship its not worth going to college?
>>
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>>61256990

>2016
>leftists still having the self-rightious attitude that caused the holodomor

I agree with you that some things need to change.
>>
This thread is so cringey.

The free market will fix it. It's really simple, fellas.

1. You get a loan to go to university.

2. You get a degree in such and such.

3. If you then proceed to get a high paying job, you made a good investment (winning strategy). If you aren't able to get a high paying job, you're an idiot (losing strategy).

4. The people that lose out in a 4-year degree plan, would win if they'd gone to a 1- or 2-year vocational program.

Every socialist argument on this topic boils down to:

"B-but everyone has a right to education!"
(Doesn't help people improve their lives by getting a good job)

or

"B-but it's not our fault liberal arts degrees aren't valued in the economy. That's capitalism's fault!"
(Calling for socialist revolution)
>>
>>61256848

I would encourage you to study up on the science of economics as opposed to wishing the world was fair. I like what you're saying, it would be nice, and I even used to believe it. But it simple doesn't work that way.

At some point you have to let go of your victim complex (the top 1% are fucking us in the ass) and start taking control over your life, fate, and destiny.

Thomas Sowell's book Basic Economics is great, and there are many small clips of him debating these issues on YouTube as well.
>>
>>61255892
>took the bait

>>61255144
>Snob speaking

> the most just and prosperous system there is

lol no

>vehemently opposed
>not scared

Special type of person eh?

> 0% default rate on Wall Street loans

Except for that one in 2008, that costed half your yearly federal budget
>>
>>61255664
Yes, undoubtly. Those who disagree are jew pupetts
>>
>>61257437
>Except for that one in 2008, that costed half your yearly federal budget

Ok, one against Wall Street.

How many millions of student loans are past due?
>>
>>61253280
Banks shouldn't get that rate, but if we raise them you can consider private loans to students fucking done
>>
>>61256801

thats how they function under the current system as it is

>The current system works just fine when used properly.

for a select few anyway

> For faggot degenerates who pick bad majors, it doesn't work so well.

yes im sure everyone/most who is suffering under it fits that mold

>And the system is set up to disincentivize bad decision-making by having interest rates on student loans

wow
translation:
the system is set up to keep the rich, rich and slaves, slaves

>>61256842

>Firstly, switching to that model does nothing to address the fact that a lot of people are graduating with useless degrees that have no economic value.

value is subjective

>pay for education is part of the welfare state.

so?

>This means relatively high taxes

their value for their tax dollar is so far above that of the USA that its mind boggling

> Some people want that,

most would prefer it, as it improves everyone's lives, everyone except very very few, those being those who are the top parasites as in the USA

>I would like to hear your arguments as to why it is such a good improvement.

standard of living is highest in those nations where wealth AND power are both most evenly distributed

this ends with result of us being able to live more and struggle less,

free, or mostly free, of those people at the top who function as metaphorical cancers on society, principally with wealth, where you have the alternative of living under a bridge, or making them wealthier


this is where the impasse lies

2 different classes:
those who support the system as it is, "the richest have done nothing wrong, they deserve what they have because they earned it"

and the other type of folk:

"no, everyone under it earned it for them"
>>
>>61257213


>psuedo ad-hitlerum

^^
>>
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Collateral, credit rating.
I'm honestly curious, why can't leftists ever understand economics at any fundamental level?

The amount of right-wing people that have at least a basic grasp of economics by far dwarfs the left-wing number.
>>
>>61257569


done unless they are forced to comply
>>
>>61257611

>for a select few anyway

>yes im sure everyone/most who is suffering under it fits that mold

>the system is set up to keep the rich, rich and slaves, slaves

Honest question: do you have a degree and/or student loans?

You have a severe victim complex, and I'm curious if it's because you too picked a bad major.
>>
>>61257547
One? Senpai if the gov didnt intervene like it did there wouldn't even be an economy left. We will call it square when student loans or students almost crash the global economy
>>
>>61257309

You can't measure the value of college education purely in terms of job outcomes, that is bullshit of the highest order
>>
>>61257681

cant you follow a fucking thread

"leftists" usually do

the point being made, yes, thats the way it is, and THAT IS what needs to change

and your reply:
"it cant change, theres no other way! the sky will fall"

READ THE FUCKING THREAD OR FUCK OFF
>>
>>61257611
This is a redditor, fyi.
You can tell by the signature Reddit doublespacing, reddit uses markdown formatting and requires two spaces to create a newline.
>>
>>61257681

Their feefees dwarf reality.
>>
>>61253507
They are a bank not a charity. Sorry if wall street investments have a better ROI than some random cat lady major. Also the college bubble is about to pop, 6 years ago it was hard to get a non federal loan for school just try now.
>>
>>61257781

You can measure the economic value of a college education purely in terms of job outcomes, though, and that's what we're debating here.
>>
>>61257781
>You can't measure the value of college education purely in terms of job outcomes,
>You can't measure the value of something that other taxpayers pay for by how much it helps pay taxes
ok.
>>61257807
>"leftists" usually do
no they don't
>>
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>>61255748
>taking credits unecessary, giving jews money so that after a few years, my loan will be less expensive.

topcucks

Why don't just make state universities free, and make the students well educated and free of a alarge debt so early on his life. How can he start to reproduce kids with a 50k+ debt on 21 years?

>B-B-BUT MUH WYMIN STUDIIIS

Just limit the entrances and destroy women degres. I wonder who is behind the creation of useless degrees... And why only in america rhose degrees exist...
>>
>>61257781

Then you can measure it with your own personal satisfaction.

If taking out a loan to get a college education is worth it even if you don't get a high paying job out of it, then great.

Such a person shouldn't complain about high tuition or vote for Bernie.
>>
>>61255875
You are the only one implying anything. His post was about as straightforward as possible.
Newfaga can't into meme arrows.
>>
>>61257807

But it doesn't need to change because it works. At least for people who don't make idiotic decisions.

You just want to either enjoy the wealth that the top 1% do or stop them from being so much wealthier than you. You're jealous.
>>
>>61257736

no

GED and nothing more

but i guess my empathy and intuition if you will is..... uncanny

but if i did pick a major it would be AI research, or whatever is closest
>>
Who cares about american money, mohammed? You guys are irrelevant and a degenerate nation.
>>
>>61254448
Why doesn't your government put an end to this shit? We don't want another 2008
>>
>>61257807
Nobody is stoping you from lending your money at 0.75%. Just do it bro, apperently its totally viable
>>
>>61253861
Are college kids literally complaining that their student loans weren't fair and they shouldn't have to pay them?
>>
>>61257900

"value" is subjective

>>61257830

>They are a bank not a charity.

>They are a bank not a charity.

so?

>goes on to describe the status quo

that is what needs to be flushed

>>61257814

*sigh*
assume that is true, ok?
now do you feel better, or something?
>>
>>61257863
>>61257900

The public good is more important than efficiency in this case
>>
>>61257903
>Why don't just make state universities free,
because we have more people in university than there are people in your entire country twice over
>>61258118
>"value" is subjective
no it's not
>>
>>61257955
His post had an underlying assumption that WS has reliable return. I tried to call out that bullshit

l2greentext faggot
>>
Possible ways to avoid crippling student debt
>Study hard and earn a scholarship
>Military route and take advantage of GI bill
>Get a degree which will actually get you a paying job
>Trade/vocational school
>Save money
>>
>>61257957

>it works

yes, for a few
at the expense of the many

hence the need for change, whether you see it or not

>You just want to either enjoy the wealth that the top 1% do or stop them from being so much wealthier than you. You're jealous.

false dichotomy, mind reading, et al.

>>61258046
i covered that an hour ago

here is a refresher:

>appeal to accomplishment

>>61258070

yes, now balk and drop your spectacle before chuckling heartily
>>
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>>61258134
>public good
Of what?
Do you ever stop to think that maybe at some point, someone sold you a lie that everyone needs to be educated?
Maybe it was, I dunno, THE PEOPLE THAT ARE MAKING BILLIONS OF DOLLARS OFF OF THE TUITION AND WHO OWN THE ENTIRE EDUCATION SYSTEM IN USA?
Maybe?
Just maybe?
>>
>>61253345
Siding with the jew over the people?
>>
>>61255494
>misery without touching a loan or being born rich.
>you don't need college to be successful
>that's irrelevant

You're a fuckin spoiled brat millennial who thinks he should get his way
>>
>>61257962

Alright, so you're an outsider when it comes to student loans. You have no personal experience with them.

The sensationalizing of student loans by the looney Left is overblown. Yes, repaying student loans can suck... if you choose a bad major.

That's all there is to it.

I have no sympathy for people who took out tens of thousands of dollars to get a degree in communications and can't pay back their loans.

What the fuck were they expecting?
>>
>>61256671
>You need to pay

Only in america
>>
>>61253345
>Banks crash market with subprime loans, taxpayers pay for bailout.
>Reliable

This is what some people actually believe.
>>
>>61258140

>value is not subjective

easy proof it is
objective means "what anyone thinks/says/feels is irrelevant to the matter"

subjective means "what anyone thinks/says/feels is the ENTIRETY of the matter"

with value, its basically "what anyone is willing to pay", which is different from person to person, and if found to be identical between two, is merely incidental


tldr:
value is something created in each human mind regarding each "thing", real or not
>>
>>61258290
>yes, for a few
>at the expense of the many

No, you don't seem to grasp it. It's not as bad as you think it is.

The only people you are trying to save ("the many" as you put it) are the ones who chose bullshit degree paths.

They are the losers.

And I don't want to subsidize losers.
>>
>>61258396
Yeah, if only we had free college and all the Portuguese perks that came with it like a 25% unemployment rate.
>>
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>>61257671

>hitlerum

Holodomar, not holocaust.

Forced collectivized farming and badly ran industrial programs under soviet rule lead to mass starvation.

Change came to the population of the Ukraine, there was much kicking and screaming, until many of them starved to death..

I can see why you need free money for your education, being so ignorant.
>>
>>61253382
>>61253501
>>
>>61258357


>i have no sympathy

this is large part of the core of the issue, and is even so without being an appeal to emotion


>That's all there is to it.

handwavium, appeal to the stone
>>
The idea behind taking a loan for anything is that the improvements made by having the extra money will provide a better return after the project is done. In this case, it means gaining knowledge to enter a job that pays more for having the degree.

There are a few problems with the current system in that, students going through high school don't really learn about other paths that don't require a 4-year degree. There is also the fact that 4-year degrees are slowly becoming useless to employers, who are constantly asking for years of experience for entry-level positions, while internships to give that experience become harder to obtain.

Another is that being laden with debt coming out of college really hinders someone's ability to have the freedom to participate in the local economy. But this also boils down to avoiding taking out a loan in the first place and there's a number of solutions to that.
>>
>>61258230
he didn't imply anything, he said it.
>>
>>61258296

Everyone doesnt *need* to be educated but society would be better if everyone were educated... I think thats pretty self-evident

If the market doesn't provide for that then we should find another way, like socialized education
>>
>>61258476
>get a marketing degree
>in debt 60K
>cannot get a job anywhere related , working at Sears
>fuck my degree is useless
>no its not it's all in your head WHOAAA

it sickens me that the youth of this country think this way
>>
>>61258328

success is subjective

and i dont fight in this issue for my self

and your ad hom is showing

and im not a millennial

and..... you neednt get so touchy
>>
>>61258486

At least you get education at a glorious, world-class portugay university.
>>
>>61257408
>science of economics
Lol, economics is the most overated "science". It's the same as sociology. The difference is that sociology can predict stuff. "muh economics" failed to predict, well, everything. Also, there are so many economic theories, many of them well founded and logic.

I see so many cuckservatives here saying "study economics". Wich one, thomas sowell?
>>
>>61258584


>what does "psuedo" mean

go learn a dictionary
>>
>>61258290
Okay, I think I see where you're coming from now. The difficulty though is that every society has some measure of "value", from advanced ones like our own to nomadic hunter-gatherers, and this measure of "value" normally relates to survival - to hunter-gatherers it is food and shelter, and to us it is money which provides us all that and more.

Even if your system were implemented, you would still have to in some way apportion people so that enough would study in fields that are necessary for the maintenance of civilisation. Currently, our system does this by punishing those who take out large loans in subjects that do not earn monetary rewards. In my engineering classes most people are there not because they love the field but because it is a reasonably safe guarantee of a decent middle-class salary. How would your proposals convince people to voluntarily contribute towards society in the absence of the economic coercion used in ours?
>>
>>61258608
I'm so glad we payed millions in taxes so Eshucwannabuffananiqua time 1000 can get her gender studies degree, what an amazing progressive society we are :^)
>>
>>61258702


lets just reinstitute debtors prisons
>>
>>61254651
No, the Federal Reserve loans to banks, not the government.
Federal Reserve is a private institution.
>>
>>61253345
>Wall Street has more reliable returns.

>Taxpayer bailout doubling the debt

Yes, it's very reliable...
>>
>>61258594
>this is large part of the core of the issue, and is even so without being an appeal to emotion

The thing is, there is no "the issue." There is only *your* issue that you have with this.

You're arguing about a problem that only exists when the system works in punishing bad decisions. That is not an issue, it's called discipline.
>>
>>61253280
>complains about interest on loans to Wall St.
>votes against Audit the Fed
Biggest fraud in Washington.
>>
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Usury should be illegal anyway. Simple fees would support the bank without high interest on loans

Plus colleges should just charge a small percentage on graduates income for a select njmber of years post graduation (if they get a bad job obviously the college doesn't deserve to get a lot of money back)
>>
>>61258832

I agree.
>>
>>61258729
>spend large amounts of resources to gain something
>that something has little return
>you literally cannot achieve anything anything and wind up homeless
>yes but do u feeeeeeeel successful maaaaaaaaan?

Like if two teams play eachother and one gets slaughtered. "good effort guys! Just think youre a winner :)"
>>
>>61258770

I agree, it's a social science. But there are basic principles that hold true.
>>
>>61253649
The best thing to do is look at it from the perspective of the one giving the loan. Remember, first, you can't deny people or charge different rates because that's discriminatory. You can either offer the loan or not offer it.

Now, nine people come into your office looking to take your money in hopes that they can give it back later. This is not coming out of your pocket, but it is coming out of the 401k and the social security, so while it won't hurt you now no matter what you spend, you definitly want it back in some kind of timeframe.

So these nine people come into the office, asking for the loan. Five people say they are going to go to college, get the degree, and use their higher wage to pay you back. One guy says his wage is probably going to be 70,000 starting, and another two are making 50k, so no problem with that. One guy says that, okay, he starts low, but his pay will ramp up over time, so he's going to have to start with low payments but he'll surely have it all back in fifteen years (ten after he graduates). One guy tells you that his major either makes bank or breaks it. It takes years, but over time he has a decent shot at being a millionaire. Like 10%. That's pretty good. He'll definitely pay you back in full when he gets there.

And then there's the other four. Three of these guys are going to take your money, spend it all, and then drop out. Two will pay it off over the next 30 years (college plus 25). One plans to die with the debt, says he won't give you a penny. The fourth guy looks you in the eye and says "i'm going to run into a building and die at 22. You won't get a penny."

So, them's the breaks. You got your nine guys. Three pay back in a 'decent' timeframe (ten years). One will pay you back in fifteen. Two will still be paying in 30, long after you retire and need the money back. One will pay you back 10% of the time. Two will never pay you a thing.

Why the fuck do you expect them to give you only .75% interest?
>>
>college
>necessary
you can teach yourself anything, save for maybe chemistry, applied physics and anything that needs a lot of specially equipped lab hours
>>
>>61258832
I think we should just encourage bullying again in elementary school so these faggots are too traumatized when they're older to spout dumb shit
>>
>>61258858

We're not talking about Wall Street has a whole, but about the fully collateralized liquidity facilities. Which are indeed very safe, because they're fully collateralized.
>>
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>>61258608
>Everyone doesnt *need* to be educated but society would be better if everyone were educated...
So where do we get all the staff to teach the hundreds of millions of people?
Let's say for the sake of the argument we need to educate only 100,000,000 Americans(Note that the number is currently closer to 30 million, even at our current tuition rate.) Lets also keep a 28:1 student:professor ratio, and each student has 5 classes — a typical curriculum.

We would need 17.8 million professors to educate a third of USA. The average professor salary is $98,974 according to the US Department of Labor. Do you know what that is?(I know you don't)
It's 1.767 trillion US dollars just to pay for the salary of the professors to teach them. No other expenses, not a single fucking one. Just professor tuition. That's more than half of our entire 2015 federal budget.
>>
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>>61257408
>science
>economics
>>
>>61257547
>one against Wall Street

You know how many persons killed themselves in my country because of the crysis? Half of my country debt was acquired after 2008, was lower then the average of EU. And then the germans came here and called us big spenders and lazy.

If i could, i would hang all the fucking wall street guys, bankers in my country, politicians and thei families in public square. I would not even spare the fucking janitors.
>>
>>61258942

Lol. Please get out of my country you fucking hick.

I'd tell you to read up on basic finance, but I'm sure you've got a rodeo to attend to.
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>>61258783

It has nothing to do with Hitler.

Oh, I see, you just wish to avoid all mention of your best bud Uncle Joe, and all his brilliant plans which required much kicking and screaming (and dying) by those that opposed them.

I hope you never have any power over so much as another person. You disgust me.
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End usury. Bankers are not productive nor do they work.
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>>61259065

I take it you're using him as an example of the faggot you're describing, as opposed to agreeing with him.
>>
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>>61253351

Why not have a low interest rate that increases in the event of a default and grows as the default becomes longer?

It could also shrink as the default is resolved.

This would punish those who steal and reward those who are responsible.
>>
>>61259105
>namefag
Get the fuck off my board , kike
>>
>>61259182
Nah I'm describing this faggot right here
>>61258729
>>
>>61259173

Making me cringe, senpai. End yourself, why don't you?
>>
>>61259090
this this this
>>
>>61259102

The crisis was caused because the interest rate on your government debt increased.

Do you really think you are entitled to other countries money? You're fucking not.

So if the markets are telling you: if you want to borrow, you'll have to pay this much interest, that's your problem.
>>
>>61259173

Jesus wasn't mad about interest rates. The activity in the temple was closer to a currency exchange ("money changers"). The evil money changers were ripping people off.
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>>61259312

Same guy, check ID.

He doesn't even have student loan debt and he cares this much.

I think he just wants to slug with the major leaguers and be "included" in college grad crowds.
>>
>>61259206
One of the reasons for having high interest rates is to make money off all the loans that don't default to cover for the money you lose on the loans that do default. High interest rates on defaulting loans doesn't make you your money back - fleecing the other guys who do pay up does.
>>
>>61258140
you have 32 times as more people than in my country. Your point? Also your GDP per capita is like 2 or 3 times that of my country. Your point?

We have 3.5 % of our country population in superior education, your?
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>>61259537
>We have 3.5 % of our country population in superior education, your?
your country doesn't even have "superior education"
does your country even have toilets?
>>
>>61253382
>What are credit ratings and collateral

They are forms of discrimination to be honest.
>>
>>61258597
He said WS deserved lower interest rates coz they produced reliable returns. He implied WS does produce reliable returns
>>
>>61259621

Discrimination isn't inherently a bad thing.
>>
>>61258486
> 25% unemployment rate.
That is spain, in here its 14%

American education

>inb4 portugal irrelevant

My mother always taught me to shut the fuck up if i don't know what i am talking about

>>61258758
>world-class portugay university.

Our universities, compared to the american ones, work the same with 1/20th of the budget. You can look it up.

Universidade de Lisboa works with 100mill year, while Arizona state university works with +2000 millions, Lisboa ranks 1 place top then asu
>>
>>61259705

Reliable returns in the context we are talking about (i.e. collateralized, overnight liquidity facilities).
>>
>>61259086
>No true scotsman

>>61258912
Or did she vote against the ron paul one, while waiting the the bernie audit?
>>
>>61253280
How about everyone gets a zero percent rate of interest because usury is prohibited by the bible

the jews would immediately lose their main source of income…feating off of poor people
>>
>>61256820
>bachelor degree in philosophy and political sciences or in sport theory
Why are these considered useless?
They have value. The market would be completely saturated if everyone got a STEM and business degree. You should be thanking other for not going after these jobs as well.
>>
>>61259805
>That is spain, in here its 14%
nobody believes your control fell 12% in a year and a half, dumbass
http://www.dw.com/en/dodgy-stats-understate-portugals-unemployment-rate/a-18414326
>>
>>61258961
Such has?
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>>61259818
Maybe he or Warren should have said that earlier. But that isn't the case now is it?
>>
>>61259955
>control
no idea how I managed that
unemployment rate*
>>
>>61259892
>>No true scotsman

No, he was right. That is exactly what we're talking about here. Context matters.

The odds of Wall Street defaulting versus a student and how it subsequently determines interest rates.
>>
>>61259010
>perspective of the one giving the loan.

Isn't the government? Is it not for the interest of the state that the orders of recent graduates to leave college with a degree and no debt? or at least no rates?

>rest of the wall of text i wont read
>>
>>61259090

Your math is wrong dumbass

First of all every professor can teach like 4 classes per semester which has you at around 4.5 million profs

Second lots of classes are taught by adjuncts rather than full profs and adjuncts make only $31k a year

Point being this is not nearly as expensive as you make it out to be and it is easily within our grasp to do it
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>>61259502

Sounds like communism to me!
>>
>>61259978

Are you implying economies and businesses are completely nondeterministic?
>>
>>61259023
And programing? sure you can learn c++ in some shitty website, but no one will trust you sensible code
>>
>>61260123
>leftist thinks the government is its own entity and "government money" appears out of thin air
more at 11
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>>61259929
>>61259929
>They have value.
what value?

what higher-paying job does a philosophy degree qualify you for that's worth spending the time and money pursuing?
>>
>>61253280

I think that's a good idea only if it applies to stem. Gender Studies bullshit should be self funded. That has negative roi.
>>
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>>61260183
>not nearly as much!
>only the salary to hire the professors and it already breaks the budget in every way possible
fyi there's a lot more than professors to pay for
>>
>>61260030

Warren has no idea what she is talking about.

The 0.75% rate she is talking is the fed discount rate: http://www.federalreserve.gov/monetarypolicy/discountrate.htm

It's a liquidity facility, not really a loan. Think of a bank with a lot of assets, but needing actual cash. They use this facility to get cash. It is generally fully collateralized. In fact, it's usually more than 100% collateralized because there is a haircut. So, to borrow 100 dollars, they have to put for 120 dollars worth of high-quality (low-risk) assets (generally, government bills or bonds) as collateral.

And it's overnight. You borrow money for 24 hours (which you can renew every night if you want).

Comparing that with loaning money to students, for many years, at the same rate is completely retarded.
>>
>>61260272

4.5 million profs, who are/tend to be PhDs.

And PhDs (at least STEM ones) are worth way more in the private sector than public/academia.
>>
>>61253280
YES! IT'S EASY! IF THEY DEFAULT ON THEM, WE'LL JUST TAKE THEIR DIPLOMA! IF THEY DON'T GRADUATE, UHH... WE'LL UHH...
>>
>>61259090
Such change can't happen overnight, you dumbass. Traditional methods are not possible to teach to half a country population.

Also, on your dumbass system, 100,000,000 of people, each paying 15k per year of tuition is...
>>
>>61260212
they're actually ideal as double major degrees to have going into stem or professional graduate programs. that's why statistically philosophy undergrads score the highest on LSATS and MCATS
>>
>>61253280
0.75% of a couple billion is still a fuckton of cash, and you're basically guaranteed to get that money back. Students, not so much.
>>
>>61260421

Where do they get the money?

Who provides that $1.5 trillion lumpsum?

How risky is that for them?

What interest rate should they levy on those one hundred million loans?
>>
>>61260369

>Warren [...] is completely retarded

Trimmed that down for you
>>
>>61260514
>What interest rate should they levy on those one hundred million loans?
>loans
they want free college, anon. Not loans.
There's no paying back the 1.5 trillion, and it gets taken every year.
>>
>>61259599

Shut your whore mouth. They were kings and shit.
>>
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Vote bernie 2016. We just need to issue more treasury bonds then the college problem would be solved.
>>
How is it that faggots don't understand the concept of collateral? Return reliablibilty? Or any sort of risk management when it comes to loans? I don't really understand the stock market or trading that well, but risk management and shit like that seems like something even simplest mind should be able to understand.
>>
>>61259102
>because the interest rate on your government debt increased.


And who the fuck raised it????

>Do you really think you are entitled to other countries money

Of course not, i don't agree with my country spending. Why do you guys always turn to entitlement issues?

>other countries money?

What do you mean? You think Germany is lending us money. Poor fool.

>So if the markets are telling you: if you want to borrow, you'll have to pay this much interest, that's your problem.

If the jews say, then the goyim obey.
>>
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>>61260731
>>
>>61259360
He is true. Usury was putlawed in europe up until the jews gained power. And we should get back. I thought /pol/ was traditionalist
>>
>>61259955
We never reached 20% you dumbass. Our top was 17 %

>bad unemployment numbers

Wow you really are teaching me about my country. A american.
>>
>>61260369
And where did she said the 0.75% was the fed discount rate?

Even then the low rate gives banks a huge leeway and flexibility in doing business(whose profits is kept for themselves). I don't how is Warren being retarded by wanting to give students some sort of leeway and flexibility
>>
>>61260763

Your government has to borrow money from investors, local and international. Are you following me so far?

Now, those investors have many opportunities of course. They can lend to glorious AAA-rated Australia for example. Or the US. Or Germany. Or France. Or, indeed, to Portugal.

But the risk is different in each case. And the interest rate offered is going to reflect both that risk as well as the competitive environment (because, again, Portugal is not the only one to borrow money).

Fast forward to 2008. Yes, there was a global crisis. But that's irrelevant as far as Portugal is concerned. It was not *directly* affected by subprime mortgages, right? The shock could have been anything else not directly related to finance (e.g. a big earthquake in California, a large-scale terrorist attack like 9/11, a currency crisis in Asia or whatever).

But what happened is that interest rates rised for everyone. Including Portugal. Which means that, from there, it was way more expensive for you to borrow.

Which is of course a problem because you were running a deficit, so you *had* to borrow.

It's all your fault basically. You should have elected sensible politicians being careful with your finances.
>>
What's the average loan for a student in the US?
2, 3 % ?
Does it matter that much? It's not 15%.
>>
>>61260985

That's where her 0.75% is coming from.

Banks can indeed borrow for 0.75%. She forgot to tell it's for 24 hours, and by giving 100% + collateral.

You have to realize that this mechanism is a requirement if you want to have a central bank system.

It's possible to have free banking (possibly based on gold), but that's another story.
>>
>>61253280

Elizabeth warren writes a law school casebook on secured credit and yet can't understand why a school loan would have a high interest rate? This woman is just a leftist demagogue. There is no way she believes even a fraction of what she says.
>>
>>61260846

When usury is outlawed, people just go to loan sharks for money and get their legs broken when they can't pay the interest.

The demand for high-risk loans will always exist.
>>
>>61254109
It's not bait, he really is that stupid.
>>
>>61259892
The most recent Rand Paul one. Bernie voted for it. All but one Democrat voted against it.
>>
>>61253609
Yeah. It's on hookers and blow.
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