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What Inflation?
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Do Colleges teach how to be smart ?
Yes . They teach how stupid people can do smart things .
Wealth = intelligence + knowledge
The knowledge is available in abundance via the Internet .
But the Intelligence needs a boost
See how
http://andreswhy.blogspot.com/2014/10/prodigies-update-ii.html
The Giga Society wants YOU to join them .
Be smart if you dare .
One data point does not a trend make. The fact that there is a debt bubble in college tuitions doesn't seem to have any correlation to the much larger housing price crash of the last several years.
Here's the real inflation.. it's called credit and it is about to burst -- taking tutition prices with it.
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
Get a Public Service job and college is free. Govt will pay it off in 10 years.
No doubt that colleges have REALLY enjoyed the easy trillion dollar loan money train. Just like housing did before 2008 with Ninja loans. Most kids think they will get a 6 figure job so no problem. Really preys upon the Naive. We will see how many write off programs appear due to hardship etc. as we go forward.
Ahhh, the Crown Thomas Affair, Great Movie. Or was it the Thomas Crown Affair?
It was the latter, and it starred Steve McQueen and Faye Dunaway.
Or was it Pierce Brosnan and Rene Russo?.....
What defines Ivy league schools? As far as I know there's only 5 Ivy league schools and those are: Darthmouth, Harvard, Yale, University of Pennsylvania (formerly Kings College) and Princeton. All these schools existed before the American Revolution which makes them Ivy leagers. College of William and Mary in Virginia where Thomas Jefferson attended existed before the Revolution and not even considered Ivy league. Does Ivy growing in the walls of the building makes them Ivy league? Correct me if I'm wrong, but please only the one who knows not by one with just an opinion.
Ivy League stems from athletics:
A common folk etymology attributes the name to the Roman numerals for four (IV), asserting that there was such a sports league originally with four members. The Morris Dictionary of Word and Phrase Origins helped to perpetuate this belief. The supposed "IV League" was formed over a century ago and consisted of Harvard, Yale, Princeton, and a 4th school that varies depending on who is telling the story.[50][51][52] However, it is clear that Harvard, Princeton, Yale and Columbia met on November 23, 1876 at the so-called Massasoit Convention to decide on uniform rules for the emerging game of American football, which rapidly spread.[53]
Harvard, Yale, Penn, Princeton, Dartmouth, Brown, Columbia and Cornell comprise the Ivy League.
William & Mary (which is a public school and one of the few, if not the only, U.S. universities created by a British Royal Charter), is one of the so-called "Public Ivies," along with Miami (OH), Cal, Michigan, North Carolina, Texas, UVM and Virginia.
The so-called "Little Ivies" are Amherst, Bates, Bowdoin, Colby, Colgate, Connecticut College, Hamilton, Haverford, Middlebury, Swarthmore, Trinity, Tufts, Vassar, Wesleyan and Williams.
Brown and Cornell are missing from your list. It is an athletic association from the 1930's as a qualification. The actual term has many back stories like ivy on the buildig because of their age, etc...
Prices for everything else except the propaganda needed to convert a young, impressionable mind to the follow-the-DEAR-LEADER brand of radical redistributionist Marixsm/Leninism remain constant. However, said propaganda is not getting better, more sophisticated, blah-yadda; rather, the increase in wages for the current millions of propagandists has increased an average of 69% per year. If current trends continue, sometime during 2017, the entire USA GDP will be consumed by said propagandists. And, since their conspicuous consumption is hyper-extravagent (ie, Keynesian to the core), sometime in 2018, due to this demand-side tsunami of stimulus, nobody will be required to work.
Thank the dear Van Jones. When nobody works and everything is essentially free, then, finally, inflation will be permanently licked.
Sorry I'm making sense. I didn't attend an Ivy League college.
Would have hit a home run had he showed the tuition just 5 years ago..
Cornell was like $45k or so..
I attended Cornell 82-84. Tuition in the Collegte of Arts and Sciences was 7200/yr then, ( I was a physics major who later got a degree in meteorology) BUT if I had known then that I wanted a met degree, it was offereed in the Ag school at the University, where tuition for out of state students like me was less than 2000/yr. Wow...
Tuition fees are irrelevant if you cannot get a job afterward .
See example below . If expected return on tuition costs is zero , then the size of the fee is irrelevant . You then pay for something else like the parties , girls , entres , etc .
A student loan can then be described as frivolous expenditure !
http://classes.bus.oregonstate.edu/spring-07/ba422/Management%20Accounti....
Here is another example. Consider a student who is between her junior and senior year in college, deciding whether to complete her degree. From a financial point of view (ignoring nonfinancial factors) her situation is as follows. She has paid for three years of tuition. She can pay for one more year of tuition and earn her degree, or she can drop out of school. If her market value is greater with the degree than without the degree, then her decision should depend on the cost of tuition for next year and the opportunity cost of lost earnings related to one more year of school, on the one hand; and the increased earnings throughout her career that are made possible by having a college degree, on the other hand. In making this comparison, the tuition paid for her first three years is a sunk cost, and it is entirely irrelevant to her decision. In fact, consider three individuals who all face this same decision, but one paid $24,000 for three years of in-state tuition, one paid $48,000 for out-of-state tuition, and one paid nothing because she had a scholarship for three years. Now assume that the student who paid out-of-state tuition qualifies for in-state tuition for her last year, and the student who had the three-year scholarship now must pay in-state tuition for her last year. Although these three students have paid significantly different amounts for three years of college ($0, $24,000 and $48,000), all of those expenditures are sunk and irrelevant, and they all face exactly the same decision with respect to whether to attend one more year to complete their degrees. It would be wrong to reason that the student who paid $48,000 should be more likely to stay and finish, than the student who had the scholarship
I +1 you for the Oregon state edu link, but alas it did not work.
All college prices are a racket (not just the Ivy League)for more than one reason:
1. They make debt easy to get so that that people can afford to pay the high price... and later become their debt slaves.
2. People who pay full price are actually paying for 2 students, theirs and the ones that get a free ride.
I no longer contribute any money to colleges and universities because they have zero fiscal responsibility and over-charge the good white students to support connected, selected and minority students.
Hyper inflation actually happened when those trillions of $$ of bonds were sent out into the world. They are now being held as someone's wealth. If those who hold them (about 50% in central banks) decide to sell the we will see the practical effects of all that printing. For the moment that great quantity of money just sits out there like a ticking bomb. In total they are probably twice the real production of goods and services the USA produces in a year (not counting our glorious outflow of financial products). The scene is set, the cameras are rolling hope no one yells action!
Sure, but forty years ago a megabyte of 4 microsecond core memory was a million bucks. Now a megabyte (!) of 20 nanosecond RAM is somewhat less than ten cents.
A year at a fancy college my freshman year was less than 1/10 of an average American's salary, now it's about 120% of an average Amercan two-earner family's income. But to be fair most of those expensive schools offer big discounts (scholarships and/or loans) to anyone from an average-income family. But do you know what *books* cost now?
The reason the memory prices came down is that the purchase of memory was not financed in the private sector by the U.S. government. That's what happens when free market forces are allowed to work. College prices would collapse overnight if students had to pay cash and had no loans available. Right now, people are just dumb as a rock to pay these prices, period. It's like buying a house for a billion dollars, because they make the monthly payment 'affordable'. A nation of idiots, run by imbeciles.
ditto for autos a few years ago my mother tried to buy a new car with cash, and the salesman laughed at her, she still drives her 91
subsidies have this effect on people/markets...
Only important to the minorities who can get in and actually have to pay tuition...
bad news on many levels...
funniest part about this "theres no inflation" arguement is that we've been conditioned that gas is supposed to have a $3 floor; i went to college about 17 years ago and the entire 5 year period (4 undergrad, 1 MBA) i was there, gas fluctuated between .99-1.19. it wasn't until a few years before the financial meltdown that commodities had a super-spike that many in the media seem to have forgotten about. IMO that was HYPER-inflation and we've never shaken it out. we did dis-inlate when the markets melted down 2007-2008 when oil collapsed to $35 a barrell but the whacko-birds at the fed re-flated us back to a 3-handle floor in gasoline. amazing how the last 6 years it NEVER got above a 4-handle. guess because at that point, democratic voters transform into republicans because they can't take the pain. in any event,
IMO this is the primary function the fed has enacted that makes middle-america lives miserable. you need gas to transport youself, your family, your food. this latest "dollar strength" (more like everything else weakness) is further proof this non-sense should be done away with. take out the POMO, dollar will rise simply because every other currency has their own issues, and we could collapse energy prices & let the market sort shit out/let nature take its course. what will happen? we'll hear more shit out of the fed how falling prices are the worst thing ever. that kinda BS is how these central bankers keep their jobs of printing $$$ and not allowing assets to trade where they should be.
My dad is on a fixed income from Uncle Scam via being used by their military arm for over thirty years.
The government keeps telling him that price inflation is around 3% or less, and in some years, nonexistent. Therefore his checks from Uncle Scam stay about the same from year to year. As a result, my dad is very sensitive to price changes and is quite aware of each additional penny paid out.
He laughs at the idea of little to no price inflation in the economy and the belligerent lies of the banksters, their DC US puppets, and the complicit media.
An American, not US subject.
They also now make him pay for his promised "free for life" healthcare (TriCare). LOL
"conditioned" being the operative phrase.
And if your IRA/401K statement shows a value, it means you can "retire".
Rats in a maze...
You don't actually PAY those prices. you go on the "Obama Plan" - you just hang out around campus, hit the libray every now and then, go to rush week to get some exposure, and 4 years later you graduate! No classes to detract from your free time, no official transcripts or record of attendance needed. Oh, you are required to buy the appropriate sweat shirt and rear windwo sticker.
He didn't even hang out around campus; they have still haven't located the person who knew him and saw him at Harvard Law School. But People who there say; never heard of him; never saw him.
Too bad the value recieved is also not inflating....
crazy Zero Hedgers and their facts
If you have to worry about the cost of education, you are not corrupt enough to enter the Ivy league.
That is fucking criminal.
That is not called inflation. That is called the price of an admission ticket to the club.
Harvard and Yale graduates are not members of the club. They are SERVANTS to the members of the club.
"Harvard and Yale graduates are not members of the club. They are SERVANTS to the members of the club. "
Bathhouse fluffers.
Close, WB. It's actually the price you pay for the priviledge of waiting in line, hoping that someone in the club notices you and opens the doors. If not, there's always those $15/hour burger flipping jobs. . . .
The ante.
"Close, WB. It's actually the price you pay for the priviledge of waiting in line, hoping that someone in the club notices you and opens the doors. If not, there's always those $15/hour burger flipping jobs. . . ."
What most people look like to the gatekeepers......
https://www.youtube.com/watch?v=Ktbhw0v186Q
Our local market earlier today..., 2 sweet potatoes $5.31
SWEET POTAOES for Christs sake!
If I had gotten up this morning and asked myself..., '..what's gonna cost me more today..., 2 gallons of gas or 2 sweet potatoes ?'....,
the sweet potatoes you dumb phuk!