People say that we need a college-educated populace. Why? I mean it sounds good. It sounds wonderful, but it’s not true. I argue that we need a skilled populace much more than an educated one.
What good is a degree in whatever if you can’t use it to create value in this world? What’s worse is that taxpayers are subsidizing these loans with federal guarantees and now there’s talk of taxpayer funded college. It’s madness.
If you want to learn something, you have the Information Superhighway at your fingertips. If you want to spend $40,000 learning something, you better make sure that it’s a good investment and don’t take the debt on if it isn’t.