Nassim Nicholas Taleb, the author of “The Black Swan,” declared on Twitter that the cost of a “student loan debt jubilee should be borne by universities, not taxpayers.”
Student loans: the costs of the debt jubilee should be borne by universities, not taxpayers. — Nassim Nicholas Taleb (@nntaleb) August 29, 2022
The mathematician then went on to take a swipe at the higher education establishment.
2) If a U.S. college degree appears to be useless, it is by design. For "liberal arts"= training for upper class free men (liber) who were above having a profession.
— Nassim Nicholas Taleb (@nntaleb) August 29, 2022
You learn to earn $$ in vocational or professional schools.
Middle class parents were tricked & fleeced.
This article was provided by Bloomberg News.