America is not the greatest country in the world.

cannabineer said:

Isn't reporting on the comparison of 15-year-olds stacking the deck? Of course education as export will refer to college and graduate education. cn

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Perhaps you're right, but if our biggest export is higher education, and our lower education ranks so low, who is really benefiting from our higher education, American kids or foreign ones? Seems like our kids aren't being properly prepared, and that MUST be fixed.

Applause Award

RIPLouDogg said:

Perhaps you're right, but if our biggest export is higher education, and our lower education ranks so low, who is really benefiting from our higher education, American kids or foreign ones? Seems like our kids aren't being properly prepared, and that MUST be fixed.

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Kids who can pay. True democracy in action there. cn

cannabineer said:

Kids who can pay. True democracy in action there. cn

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College is easy to pay for, the only qualifier for the loan is the ability to fog a mirror.

On the one hand I was being mildly sarcastic.
On the other, I worry that the college loan pyramid is running into its sustainability limit. cn

cannabineer said:

On the one hand I was being mildly sarcastic.
On the other, I worry that the college loan pyramid is running into its sustainability limit. cn

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Way off topic, but yeah the limits of credit expansion are near. For the system to remain viable everyone must get newer bigger loans each and every year in order to pay off the original loans, plus some interest that was never in the system to begin with. It is the uncreated interest that must be paid that causes this problem to happen and it grows exponentially. Keynes never suggested this be done, in fact he suggested quite the opposite.