There is truth here, however the one thing you must not permit the slaves to do is to acquire a good education. There is no problem with job and obedience training, in fact the slave masters must encourage it, but allow the slaves access to a real education, and you invite insurrection. I believe the proliferation of for-profit "educational" institutions to be very favorable to the slave masters. They teach without educating, and they increase dependence on government.
Too big of a bubble. Stop the loans and letâs see what people will really pay for an education. Bet it wouldnât be more than $20k then.
I would also like to see what an education would be worth without any loans whatsoever. Then again Iâd like to see what the value of anything â including the market â would be without any creditâ¦
Intriguing thought⦠A world without credit would be an interesting one to say the least. I think a lot of prices would come down in general and people would be forced to have a reserve pile of cash without any form of credit.