Why do Americans go to expensive lib art schools?

Interesting example. Will it work in real world?

 

The Bernanck is betting on it.

 

Here's a very good response to this old and tired adage from Barry Ritholtz...

http://www.ritholtz.com/blog/2011/01/how-banking-works/

 

what does the response actually prove?

 

Well, just like the adage itself it doesn't really prove anything. It does correctly point out that the situation described has nothing to do with debt and solvency, but is instead all about liquidity and clearing.

 

exactly.... the money was from the german ( the bailout) was not need for that group.

They could have all gotten a google wave account. Sat at the virtual table and settled up poker style, monopoly style, debt cancellation style, made their own currency or used their intelligence.

 

What a technoslovak comment.

 

I'm in the real world. And I don't care what degree you got.

 

there was no bank involved,that's why this worked and wont work

 

Why do Americans go to expensive lib art schools?

Simple. A student wants to grad a liberal art degree to master their personality. Liberal art students are more social vs science degree student. Liberal art students know how to have fun in life and blends in art, poetry, music, etc etc etc. The value of their personalities are high and employers will pay them $100K plus salary. The reason is, they know how to communicate employers/employees and get along with them.

A science degree tends to have a single mind (logical). "This is how it is, this is how it should be done." That is how all these high tech built like computer, cell phone, etc etc etc.