Quote from Vishnu:
The issue is not so much "better that they become entrepreneurs".
The issue is that student loan debt is a scam. The govt backs it and you can't dismiss it in bankruptcy.
College presidents know this so they constantly raise tuitions. Tuitions up 10x since 1977 with inflation up 3x.
Our kids are graduating as indentured servants. They have to spend 30-40 years paying down debt now instead of being creators, innovators, artists, whatever they want to be. Whatever it was that initially built up America.
Debt is a function of supply and demand. If we can reduce the demand, i.e. disrupt college and the higher education system, then the people scamming on that debt will look for other places to scam.
-James Altucher
