103
You know what I learned in eighth grade? The great depression was partially caused by easy to acquire financing that so many people could never repay. Good thing we learned from that mistake.
You know what I learned from 2008? You can be recklessly irresponsible with money and likely get a pass.
No no no, you can't be irresponsible with your money. You can, however, be irresponsible with other people's money, as long as you're decided to be "too big to fail."
All those people who lost their houses got a pass?
I'm hoping they're talking about the lenders, brokers, banks, etc.
Know what I am learning from 2019 onwards? You can borrow tens if not hundreds of thousands of dollars to go to college and then batch and moan until a politician tries to use others people's money to pay it back
Do you feel that way about K-12 education too? Because that is also highly subsidized. In other developed countries, paying for university is just an extension of public education.
Sounds like you never went to school
We did, actually. Not as much as we should have but we did learn some things. Commonplace consumer credit was a somewhat new thing, at least on that scale, with virtually no regulations or safeguards. Because...well, regulations were not in vogue. Laissez-faire was the standard.
We definitely have more guardrails in place nowadays. Not enough, but more than the 1920s.
this post was submitted on 23 Nov 2023
103 points (100.0% liked)
News
23275 readers
3016 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS