8 thoughts on “The Totalitarian Peer Pressure”

  1. I think the time has come to remove all government funding of any schools that do not have a balanced faculty – 50% conservative, 50% liberal.

      1. Perzackly. Also make student loan debt dischargable by bankruptcy, putting the schools on the hook for defaults, and watch the loans for useless crap like gender studies dry up and blow away… the cost of loans should be coupled to the risk of those loans.

    1. Which “conservative” and which “liberal”? For example, if someone backs the latest boneheaded DC maneuver lest sweat shops and Pinkerton union busters proliferate across the land, perhaps while using Marxist language that hasn’t been seen in polite company in over a century and a half, are they “liberal” or “conservative”?

  2. Well, if you’re not into the approval of others, keeping your comments open is a great first step. (Insert gratuitous insult here.)

  3. Also make student loan debt dischargable by bankruptcy, putting the schools on the hook for defaults

    No, no, no! Blaming the school for a useless degree is like blaming the bartender if you get drunk and wrap your car around a tree. If you* were stupid enough to go $50,000 in debt to get a master’s degree in puppetry, you deserve to send 1/4 of your burger-flipping wages to the bank nice enough to indulge your fantasy.

    the cost of loans should be coupled to the risk of those loans.

    And in a free market, they would be.

    *Assuming you had the legal capacity to enter a contract, of course.

    1. *Assuming you had the legal capacity to enter a contract, of course.

      I’m thinking most high-school graduates these days probably don’t, except by accident of age.

  4. It doesn’t seem fair to have a type of loan that is only available to students–maybe the undischargeable loans should be available to anyone. They will still need to be dischargeable eventually–after maybe 15 years. I expect they would prove pretty popular–very few people expect to go bankrupt, and they would tend to go for the better interest rate.

    I wouldn’t mind letting Universities grant the loans (they have a lot of info that a financial institution wouldn’t–grades, class participation, classes, that sort), so they could presumably be pretty intelligent about figuring optimal interest rates. But I expect the Universities would decide to be “fair” about it, and grant the same rates to desirable minorities (Hispanics, Am Inds) as to undesirable minorities (Asians). And since STEM students would likely earn a better salary after graduation, they could obviously afford to pay a higher interest rate than Grievance Studies Majors. I can’t think of a decent feedback mechanism–maybe random teachers lose tenure/random administrators lose seniority the more underfunded the loan department becomes?

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