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  • Dan

Dan

9 months ago

in The Market’s Winners and Losers on OpenMarket.org
I think you are taking this "free market" ideology a little too far.

Some people simply can not afford to send their children to college without taking out a loan. After all almost everyone says student loan debt is a good thing right?
Factor in that collges across this land are ripping off every student with their outrageous cost increases, outpacing any measure of inflation without wages keeping up. Same with a car. For many no car means no work...

Can you show me someone who is making $8 an hour with a kid to feed and take care of can make it by by saving and paying cash for a car, paying cash for college, etc.

All loans are not bad, you make is seem like anyone taking out a loan is a bad person.

Further to that, it has been drilled into our heads by the same finance folks who have ruined the economy that saving and investing are the way to go, only to now see that "investment" disappear into thin air.....if you had your money only in cash, and were paid an interest rate of 2% the last time I checked that is as good as lighting your money on fire because of inflation. So what are you to do?

I'm am all for not baiout, but please your post is truy idiotic, show me that you understand this issue is more complex that what you write, otherwise don't write anything at all, it's garbage.
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