Once again government has created the conditions for wholesale failure, and failure is upon us.
From 1976 to 2010, the prices of all commodities rose 280 percent. The price of homes rose 400 percent. Private education? A whopping 1,000 percent.
In the end, this bubble will be worse than the last. Even when homeowners got hopelessly behind on their mortgages, two options helped. First, they could declare bankruptcy and free themselves of their crippling debt; second, they could sell their houses to pay down most of their loans.
Students don’t have either of these options. It’s illegal to absolve student loan debt through bankruptcy, and you can’t sell back an education.
I hope that it has a disproportionate effect on the academic left. In a sane world, the first thing to go would be diversity programs, with “studies” departments hard on their heels.
We are less than two grand from the goal for the space-safety Kickstarter project. I have an offer from a potential donor to match the next thousand that comes in, which means that the rest of you only have to contribute a thousand on your own over the next two and a half days to get it home. Please, have at it.
We went to see Marvel’s Avengers yesterday (great movie), and noticed that Prometheus was just starting in another theater as we were walking out of the one where it was playing, so we could have done it for nothing, but weren’t up for a double feature, particularly given what I’ve been reading about it.
I’ve uploaded the video from the Kickstarter project to Youtube in the hope of giving it more exposure, with only a little over four days to go. Unfortunately. I can’t come up with any way to steer people to the project from there. I don’t seem to be able to edit the description of the video, and comments don’t allow links.