341–350 of 436 posts
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It gets more complicated in a non homogenous country with 56 times the population. But for sure, Denmark is a nice, well run country.
> It gets more complicated in a non homogenous country Can you please give me a simple, non-racist explanation why this matters? Please explicitly spell-out what is/is not homogeneous (I always assume race), and explain why that complicates things.
Why not go to Germany, get a degree there (many universities offer english speaking courses) for free? You end up with much less debt (if any) and have some additional experience. I studied in Germany in English and there were a lot of people from all over the world in my course (only 20% from Germany) but there wasn't a single person from the US. Maybe the Uni wasn't as good as Harvard but certainly better than many…
Increasingly more Americans are studying in Germany (and elsewhere).
http://www.dw.com/en/leaving-the-us-for-a-german-degree/a-18...
But,
I think you underestimate how difficult it is to move to another country. Language, visas (and other bureaocracy) are indeed issues, as are uprooting one's life and moving to a foreign place; no friends, family, familiarity. Of course studying in Germany or the NL or another country where the education is taking place in English is less of a barrier than moving to a place where that isn't the case, but it is a barrier nonetheless. It can be nervewracking and overwhelming. It's a major step; much more so than simply moving to another US state for college, for example.
I say this as someone who left the US years ago to study. I adapted quite well, but I recognize what a big shift it can be.
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I'd like to understand this better. There's two villages. A businessman from village B comes to village A and buys a store from Bob for 100$. Bob keeps the money for a rainy day. Where is debt increasing?
Not quite how it works. Ted deposits $100. The bank lends it out up to the multiple allowed by the fractional reserve system[0] to the businessman for the store, who has to pay interest on that mortgage, and interest must also be paid to Ted by the bank. Bob deposits the $100 himself back into the bank, which is loanable at a different fraction so that the series of additional deposits eventually converges. Presumabl…
Banks are not reserve constrained, and anyone can create as much credit as they wish.
Why not go to Germany, get a degree there (many universities offer english speaking courses) for free? You end up with much less debt (if any) and have some additional experience. I studied in Germany in English and there were a lot of people from all over the world in my course (only 20% from Germany) but there wasn't a single person from the US. Maybe the Uni wasn't as good as Harvard but certainly better than many…
>What keeps US students from coming to Germany and study there? Increasingly more Americans are studying in Germany (and elsewhere). http://www.dw.com/en/leaving-the-us-for-a-german-degree/a-18... But, I think you underestimate how difficult it is to move to another country. Language, visas (and other bureaocracy) are indeed issues, as are uprooting one's life and moving to a foreign place; no friends, family, famili…
It is a major step? Of course, but there are plenty of major steps in life, it's not supposed to be a static and predictable set of comfortable experiences. That would be actually a definition of boring life...
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It's just as likely the moral hazards of yesterday were never properly dealth with, market corrections didn't properly happen during the downturn, and we're seeing a continuation of misplaced capital. ie, far too much going into residential real estate and student loans, not enough being invested in business. I remember reading that small/medium business growth and capitalization has flatlined as the housing market f…
Our household debt levels in Canada put the US to shame. Our household debt-to-income ratio is at 169%. And our household debt is something like 2.5x our GDP.
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It sure feels like a bubble to me. I don't know how many friends I have with six figures of student loans and no career, but it's a lot. Considering that those loans don't even go away with bankruptcy, it's waaaay too many. I've noticed that younger students are starting to realize how much risk there is in something like that and shy away when my generation didn't. Maybe it's that I grew up in a "striving" middle cl…
I don't know, maybe it's different now, but my generation (went to school in the mid 90s) was not told to "just go to the best college no matter what": We were also advised to consider the cost and carefully choose a major so as to produce a positive expected ROI. Obviously nobody has a crystal ball and you can never tell when huge, industry-wrecking changes are coming, but it was well understood that majoring in Und…
The most common undergraduate major is Business. The "liberal arts and humanities" make up about, what was it, 12% of all bachelor's degrees?
Earlier quoted context omitted.
It gets more complicated in a non homogenous country with 56 times the population. But for sure, Denmark is a nice, well run country.
> It gets more complicated in a non homogenous country Can you please give me a simple, non-racist explanation why this matters? Please explicitly spell-out what is/is not homogeneous (I always assume race), and explain why that complicates things.
Earlier quoted context omitted.
It gets more complicated in a non homogenous country with 56 times the population. But for sure, Denmark is a nice, well run country.
> It gets more complicated in a non homogenous country Can you please give me a simple, non-racist explanation why this matters? Please explicitly spell-out what is/is not homogeneous (I always assume race), and explain why that complicates things.
Earlier quoted context omitted.
I don't know, maybe it's different now, but my generation (went to school in the mid 90s) was not told to "just go to the best college no matter what": We were also advised to consider the cost and carefully choose a major so as to produce a positive expected ROI. Obviously nobody has a crystal ball and you can never tell when huge, industry-wrecking changes are coming, but it was well understood that majoring in Und…
>Obviously nobody has a crystal ball and you can never tell when huge, industry-wrecking changes are coming, but it was well understood that majoring in Underwater Basket Weaving was not a great idea from a financial point of view. Have we forgotten this lesson? The most common undergraduate major is Business. The "liberal arts and humanities" make up about, what was it, 12% of all bachelor's degrees?
Earlier quoted context omitted.
I don't know, maybe it's different now, but my generation (went to school in the mid 90s) was not told to "just go to the best college no matter what": We were also advised to consider the cost and carefully choose a major so as to produce a positive expected ROI. Obviously nobody has a crystal ball and you can never tell when huge, industry-wrecking changes are coming, but it was well understood that majoring in Und…
>went to school in the mid 90s >but it was well understood that majoring in Underwater Basket Weaving The way you make such a condescending argument and blame the victim takes away any credibility in your comment. The issue is that tuition has ballooned since the 90s. Tuition is outpacing income/inflation and most else, so regardless of what school or major, the ROI is going down for most. Also, even if you went to a…
I did not have a single lecture or discussion with any of my professors about how I could use my degree to get a job, what kind of careers I could pursue, and how to use my degree for anything outside of academia.
Humanities education has become "education for education's sake".
That's fine and all if the cost of tuition is low. But when you're spending $30k/year on tuition, your professors believing that "everyone should just go into academia" is just a bad investment.