5min chapter

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734: Scott Galloway | Course Correcting an America Adrift

The Jordan Harbinger Show

CHAPTER

Student Loan Forgiveness

In 1980, college costs increased 169% while earnings for young workers rose just 19%. We've transferred a trillion and a half dollars from middle class homes to the endowments and faculty. Cheap credit has enabled us to raise prices faster than inflation with absolutely no recourse in the senses that once somebody defaults on their student debt they cannot discharge it. This legislation, in my view, is bad legislation. And what has happened is that we have started all sorts of administrative, we have increased administrative bloat dramatically. The keto luxury item is scarcity. I can't get a pen or I watch. Every Ferrari is sold out before. It's even announced. And I can charge $450,

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