they’re all going to go bankrupt. They are totally overrun and infested with cultural Marxists and progressives, militant leftists who are propagandizing kids with absolutely the wrong kind of values. It’s astonishing that parents are willing to pay even today’s prices to subject their kids to four years of indoctrination. I’m glad that they’re all going bankrupt. Do you want an education, or do you just want a piece of paper that says you logged the time in a classroom? DOUG: It’s not necessary to go to college. You’re likely to be corrupted, and indebt yourself like an indentured servant for many years to come. The question is: Do you want an education, or do you just want a piece of paper that says you logged the time in a classroom? These are two different things. Getting an education is strictly a matter of motivation and self-discipline, not paying money to sit in a classroom. If you’ve got half a brain, you realize that you want the knowledge, not the diploma, and there’s no necessary correlation between them. Nobody can “give” you an education; it’s something you must gain for yourself. Most top universities now have their courses online. You can get an education by listening to these courses. And even when you’re driving your car, you should be playing CDs by The Teaching Company. They have the best professors in the world giving command performance lectures. And you can hear them JUSTIN: But don’t you need a college education to get ahead in life?
JUSTIN: My sister recently told me that her financial adviser suggested she start setting aside $500 to $1,000 a month to pay for her son’s college education. That’s because a four-year college education is apparently going to cost between $400,000 and $500,000 18 years from now. Her adviser clearly arrived at this figure based on how fast college tuition costs have been rising, which is about 6% per year. But you have to wonder if the cost can keep rising at this rate. It seems to me that no one will go to college if it’s going to cost a half-million bucks. DOUG: My advice to your sister is to get a new financial adviser. I fear that she’s relying on a complete imbecile. She should fire him immediately, and for a number of reasons. Number one is his assumption that the trend of higher college costs is going to continue to a totally unaffordable level. In fact, the cost/ benefit ratio of going to college is already so out of whack that the whole system has to change radically. A college degree, even now, is of only marginal value; most everybody has one. And things that everybody has are devalued. What do you make of this trend? businesses. Unless you’re going to learn a trade, like doctoring or lawyering, or you’re going for science, engineering, or math, where you need the formal discipline and where you need lab courses, it’s a total misallocation, even a waste of money to go to college today. So I applaud the fact that all these colleges and universities are dead men walking, that You’re quite correct that colleges and universities today are dead ducks as
86 May 2018
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