>Very-low cost higher education was a thing in mid-20th-century America--it was possible to attend your in-state university for a few thousand bucks in today's dollars. What happened? As long as we pretend these things are too expensive to invest in, then we're sure to enter a long slow decline.
I don't think your point about education makes sense. You want more investment, but then bemoan the fact that it costs more, as if that signifies low investment. People are investing in their education at record levels!
Maybe you think student loans are a problem for other reasons, but they certainly aren't stopping people from going to college. Again, they're going in record numbers and spending record money to do so.
> People are investing in their education at record levels!
They are investing in formal qualifications. Certificates.
As Thiel points out, a university degree has transmogrified from "investment" to "insurance" to "tournament".
The reality is that the previous generation knows jack shit about the environment facing the current generation. Their 'common sense' can be thrown out nearly entirely with few exceptions. In today's environment most of them wouldn't stand a chance.
I don't think your point about education makes sense. You want more investment, but then bemoan the fact that it costs more, as if that signifies low investment. People are investing in their education at record levels!
Maybe you think student loans are a problem for other reasons, but they certainly aren't stopping people from going to college. Again, they're going in record numbers and spending record money to do so.