alt Hacker NewsThe economy is clearly not zero sum. More educated workers are broadly speaking more productive. More productivity means more of everything to go around, with a few exceptions.
Mortgages and loans for school are good things: they make two of the biggest predictors of lifetime wealth available to a broader part of the populace. If people are stupid and overextend on a house or underwater basket weaving degree, that’s on them.
> people are stupid and overextend on a house or underwater basket weaving degree, that’s on them
it can't be on them; the bank will refuse to give you a mortgage you can't afford after going over your financials, and likewise school lenders asked (at least when i applied) what major you were going to use their money on