Oddbean new post about login | logout College tuition is an investment into a school's asset management fund with no recourse to get a return on your investment.
The investment is the education and networking you get from the university. The return comes from using that education and network to produce higher valued goods and services You can’t get a refund for the same reason you can’t get a refund on a sandwich you completely ate
I guess you didn't attend comedy school.
Might’ve been useful once upon a time, but: 1. Education and knowledge is free online 2. Networking can be done outside the confines of a college campus (and arguably better, since you’re networking with actual businessmen, not classmates).
It is still useful unless you’re taking 6 figure loans to study gender theory. Maybe for some careers you can make do with the internet self directed learning. Can’t become a doctor online Networking at an ivy league campus > networking at your local community college
There is no quality control. That's just something entrepreneurs use to stay successful. If government supplies and checks what you should remember for your finals, how prepared do you think you will be for the word just looking at government actions? Its a waste of time and money and applied political correct brainwashing you pay for with your money and time.... It's not an investment, its not an asset, its a liability you don't want or need.
And the colleges/universities are desperate. Here's a shit certificate from Harvard: https://image.nostr.build/42b4c7f9db91643c39348aa462f32806b1f746f5f0bbc59f8734e77e117ffe14.png
The Tom Woods Show: Ep. 2446 Fewer PhDs, More Brilliant Dropouts, Please Episode webpage: https://podtrac.com/pts/redirect.mp3/traffic.libsyn.com/secure/tomwoodsshow/woods_2024_02_01.mp3 Media file: https://dts.podtrac.com/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/traffic.libsyn.com/secure/tomwoodsshow/woods_2024_02_01.mp3?dest-id=227196
