AUSTRIAN ECONOMICS ADDICT

THE COLLEGE SCAM

What You Really Pay For In College: Credentials, Not Education, by Doug French at mises.org. Traditionally, getting a high priced piece of paper, aka a college degree, was important to employers. It showed “that students have the discipline to suffer through the boredom to conform to what society expects and what employers want.” The changing economy and the high cost of college education is changing this traditional way of looking at employees.

11 Rage-Inducing Facts About America’s Wildly Out-Of Control Student Loan Debt Bubble, at zerohedge.co. Here are three important points from the article.

#1 The student loan debt bubble has now grown to 1.4 trillion dollars.

#2 In 2007, the total amount of student loan debt in the U.S. was just 545 billion dollars.

#9 From 2007 through 2017. “college tuition costs jumped 63 percent, school housing surged 51 percent and the price of textbooks by 88 percent.”

The increase of borrowed money being used for college education is the reason the costs of college education has increased so much. It is a bubble.

No College, No Problem: Silicon Valley’s Student Loan Solution, at zerohedge.com. Many companies are beginning to rethink the importance of a college education as a requirement for employment. This is a good trend.

OTHER STUFF

Boy Punished For Calling His Teacher Ma’am’,  And A Mother Was Investigated For Letting Her 8 Year-Old Walk The Dog, by Micheal Snyder, at lewrockwell.com. This is not satire from The Onion. It is just two examples of public school education insanity.

Crushing The “Blame Climate Change From Wildfires” Narrative In 1 Simple Chart, at zerohedge.com. More acreage was burned in the early 20th century than today and it is not even close.

Immigrants and Disease, at theburnigplatform.com. By law immigrants and refugees are mandated to go through medical screening. If they don’t pass, they are not allowed to enter. But it is impossible to medically screen illegal immigrants.

The Looming Threat of Video Game Regulation, by Matthew McCaffrey, at mises.org.  Here are the two reasons from the article that regulation of all industries takes place. “1) Politicians and regulators trying to control and manage the emerging industry. 2) Industry leaders using regulation to their own advantage and to the detriment of competitors.”

Facebook Engineer’s Stunning admission” “We Tear Down Posters Welcoming Trump Supporters”, at zerohedge.com. This is an admission of what we already knew. This is not an infringement on free speech because these are private companies. Free speech shall not be infringed by Congress as stated in the First Amendment. The answer is for an entrepreneur to supply a Facebook like platform that is truly uncensored.

The Energy Race Is On (Improving Fossil Fuels vs. Political Favorites), by Greg Rhemke at masterresource.org. This is really good. It is a must read for a reason.

Chart Of The Day: Oil Output In Texas vs. Venezuela, 1994-2018, by Mark J. Perry, at carpediemblog. This is really a contrast between socialism and capitalism.

SATIRICAL HEADLINES

Socialists Gather On Labor Day To Protest Concept Of Labor, at babylonbee.com.

Liberal Activist Explains Notion Of Tolerance To Man She Just Called A “Worthless [Expletive]’, at babylonbee.com.

Ocasio-Cortez Praises Venezuela For Making Everyone A Millionaire Through Hyperinflation, at babylonbee.com.

Ocasio-Cortez Severely Burned After Accidentally Touching Book On Basic Economics, at babylonbee.com.

CARTOONS

This entry was posted on September 3, 2018 at 10:54 pm and is filed under Must Reads For The Week. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Boy Punished for Calling Teacher Ma'am, Cartoons, Climate Change Isn't Causing Wildfires, College Ecucation Scam, Facebook Engineer Admits Bias, Free Market Fossil Fuels vs. Political Green Energy, Immigrants and Disease, Ocasio-Cortez Economic Ignorance, Oil Output of Texas vs. Venezuela, Satirical Headlines, Socialists don't like Labor Day, Student Loan Debt, Student Loan Solution, The Babylon Bee, Video Game Regulation