Break Up The Elite College Seats Cartel
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Break Up The Elite College Seats Cartel
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Re: Break Up The Elite College Seats Cartel
#2> To break up elite colleges therefore, all you need to do is break up the endowments. Siphoning resources from school endowments is actually quite easy.
Wow straight up suggesting we steal money from private institutions to give to politicians to decide how to redistribute it. Totally insane.
The government prints $40 billion like it’s nothing. We literally just handed out trillions minted out of thin air. Maybe we should let the few groups and people that managed to actually accumulate money through their own systems keep the money? Highly likely they will be more effective stewards of capital than the money printing politicians.
Re: Break Up The Elite College Seats Cartel
#3The size and longevity of these enormous endowments is a problem, but it is quite naive to think that you could create a top tier university with an arbitrarily large amount of money. There is quite a lot more to the quality of an institution than the ability to build facilities, pay salaries, and buy equipment.
Re: Break Up The Elite College Seats Cartel
#4This author must not have the slightest understanding of the world; to think all one has to do to create an elite college is to have money.
Re: Break Up The Elite College Seats Cartel
#5Status is zero sum, so it’s not even possible to create an arbitrary amount of elite schools to begin with.
Re: Break Up The Elite College Seats Cartel
#6> To break up elite colleges therefore, all you need to do is break up the endowments. Siphoning resources from school endowments is actually quite easy. Wow straight up suggesting we steal money from private institutions to give to politicians to decide how to redistribute it. Totally insane. The government prints $40 billion like it’s nothing. We literally just handed out trillions minted out of thin air. Maybe we…
> We literally just handed out trillions minted out of thin air.
It's so weird to see memes like this persist. No, no we didn't.
Those spending bills were financed via deficit spending: they were loans. All spending bills are loans. The treasury department raises money by selling bonds. Every deficit dollar the government spends is a dollar it takes in from some investor somewhere who wanted to park money in US treasuries.
Now, that comes with interest obligations. It's not "free". If the money gets spent rapidly vs. being left in a money market fund or whatever, then it can be a Keynsian growth stimulus or an inflationary pressure (which are pretty much the same thing).
But it's not just printing money! That doesn't happen. People need to stop saying that. Why do people keep repeating something that is so clearly incorrect?
Re: Break Up The Elite College Seats Cartel
#7> To break up elite colleges therefore, all you need to do is break up the endowments. Siphoning resources from school endowments is actually quite easy. Wow straight up suggesting we steal money from private institutions to give to politicians to decide how to redistribute it. Totally insane. The government prints $40 billion like it’s nothing. We literally just handed out trillions minted out of thin air. Maybe we…
> We literally just handed out trillions minted out of thin air. It's so weird to see memes like this persist. No, no we didn't. Those spending bills were financed via deficit spending: they were loans. All spending bills are loans. The treasury department raises money by selling bonds. Every deficit dollar the government spends is a dollar it takes in from some investor somewhere who wanted to park money in US treas…
Because when the Federal Reserve buys those treasuries, you're creating money out of thin air (QE).
Re: Break Up The Elite College Seats Cartel
#8This author must not have the slightest understanding of the world; to think all one has to do to create an elite college is to have money.
Yeah, underpants-gnome levels of thinking through the plan:
1. Appropriate existing endowments
2. ????
3. Lots of new excellent colleges
Re: Break Up The Elite College Seats Cartel
#9Who would you entrust with all of this capital?
Re: Break Up The Elite College Seats Cartel
#10> To break up elite colleges therefore, all you need to do is break up the endowments. Siphoning resources from school endowments is actually quite easy. Wow straight up suggesting we steal money from private institutions to give to politicians to decide how to redistribute it. Totally insane. The government prints $40 billion like it’s nothing. We literally just handed out trillions minted out of thin air. Maybe we…
How much have those endowments grown through tuitions paid (and increased) by the growth of student loan debt? If there is to be loan forgiveness, it should be paid back from the endowments.