Comments by "mpetersen6" (@mpetersen6) on "Economics Explained" channel.

@Tonatsi How much of the issue of student debt is related to the fact that tuition rates in the US have for decades gone up by amount to well over the inflation rate. At one time in the US a college education was not excesseively expensive. Several things have driven up the cost of education in the US. One the expanding administrative costs involved due to meeting various governmental guidelines on policies. Another is the continual expansion of the education industry. And yes it is an industry. It ta,es in raw materials (students and money) and produces a product (graduates). Another problem as I see it is if we make college free to all just who gets to go. I seriously doubt we can afford to confir a college education on every HS graduate. One reason is cost. The second is not every one is suitable for a college education. Some of these are simply not up to the academic challenge. Others have different interests*. There is an other reason I really do not like the idea of expanding no cost education**. Is it fair to tax people who do not have the ability to enter into higher education to pay for those who can? *These I terests make include skilled trades etc. In the early 1970s shortly after I started an apprenticeship is was told by a state official that the state I lived in that a 4 year apprenticeship was worth more to the individual than a bachelor's degree. Obviously some degrees are worth more than others. **There is no such thing as free. Somebody is going to pay for it. Also it is my opinion that if society offers a free education to individuals it should be in those fields that directly benefit that society materially. Physicians, engineers, teachers etc. You want to get a degree in medieval literature. Fine go for it. Just don't expect everybody else to pay for it.
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@は私です彼の名前 But that works out so well for the educators. Anytime the largest and or best paid portion of a societies work force is employed by the government that society is headed for a comeuppance. Government for the most part produces nothing. I'm not saying some level of government isn't needed. Only a fool says that. But I do think that those who believe ever expanding government is the solution is even more delusional than the first type of fool. The first will eventually lead to the strong crushing the weak. The second leads eventually to the weak crushing g everyone. Remember that line from the Ten Years after song. "Tax the rich, feed the poor". Eventually that will lead to an ever changing definition of rich. What was once defined as a rich millionaire will eventually become, oh, you own your house? The end result is everyone is poor and starving. Except for those in charge of course.
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