Wait, what? This makes no sense. If you want to bring down tuition costs, _stop flooding the market with credit_: http://www.theguardian.com/world/2013/aug/22/obama-new-college-ranking-system-student-debt …
@renderwonk But that doesn't make any sense. With the credit flood, the non-rich will simply end up with a lifetime of debt.
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@renderwonk Credit is simply not an answer to higher education. Mandated (partially) free tuition would be, but credit simply isn't.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@cmuratori I agree status quo is fucked up. But cutting off credit w/o addressing other causes would (at least in short term) make it worse. -
@renderwonk I be delighted if they would also take other measures. But cutting off credit is a _must_ for the long term.
End of conversation
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@cmuratori@renderwonk it makes sense if you intend to eventually bail out the educated indebted poor with taxpayer money -
@ivanassen@renderwonk Somehow I don't have high hopes that they're going to do that. For example, see http://www.studentloanborrowerassistance.org/bankruptcy/
End of conversation
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