What will make them indentured servants(to the banks) is the intervention of the goverment in more aspects of their life, which leads to higher prices and hence more debt. So they end up paying a heavy price for all those programs throughout their life. And self-interest is not the only reason people give money. Why do you want to give money to poor people for instance? You are getting nothing in return. Which is fine, except you want to make every other taxpayer pay for it as well.
I said that I support "low taxes" not "none".If police/army/justice are not funded by the government they will simply serve the interest of whoever pays them the most money. But it is not the government's job to please everyone. If there is a tax for education then others will want taxes for religion, etc (it is just as important for them as education is to you and me). Then you end up with very high prices (just like there are high tuition fees now) and high taxes. Eventually you have to start borrowing, because it's the only way to sustain such an environment. This is why socialist countries fail- at some point they run out of other people's money. There is a good video explaining why such actions fail in birth control:http://www.youtube.com/watch?v=U73xKgbXh68&feature=relmfu
Greed is part of us and there is no way to eliminate it (if you are selling a product it is natural to sell it for the highest possible price).The good thing about capitalism is that it uses greed to make the world more productive.The government should not encourage anything, because whenever it does so it sends false signals to the markets which in turn makes the economy inefficient.The government may try to stimulate growth in construction by building a lighthouse in the middle of the desert (that would create jobs, right?) but what's the point? In the real world the examples are less obvious, but the same principles apply.
Everyone who would like to help such students is free to donate money to organisations that fund them. This is the good thing about low taxes and free markets- you can spend your money for whatever you want. And under free market capitalism you would have the money to support those people because you would not have to pay very high taxes.
Everybody wants something different in life and it is not government's responsibility to please everyone.By giving the people their money back you are giving them the financial freedom to achieve it. If you want to give some of them to poor people no one is stopping you from doing so.
Actually, it is the government intervention that makes college expensive.If the government stops subsidizing student loans the colleges would have to cut the prices to attract students.
Slashdot Mirror
What will make them indentured servants(to the banks) is the intervention of the goverment in more aspects of their life, which leads to higher prices and hence more debt. So they end up paying a heavy price for all those programs throughout their life. And self-interest is not the only reason people give money. Why do you want to give money to poor people for instance? You are getting nothing in return. Which is fine, except you want to make every other taxpayer pay for it as well.
As I said, only government should fund them. There is no reason why a company would donate money to a judge unless they want something in return.
Only in corporatocracy
I said that I support "low taxes" not "none".If police/army/justice are not funded by the government they will simply serve the interest of whoever pays them the most money. But it is not the government's job to please everyone. If there is a tax for education then others will want taxes for religion, etc (it is just as important for them as education is to you and me). Then you end up with very high prices (just like there are high tuition fees now) and high taxes. Eventually you have to start borrowing, because it's the only way to sustain such an environment. This is why socialist countries fail- at some point they run out of other people's money. There is a good video explaining why such actions fail in birth control:http://www.youtube.com/watch?v=U73xKgbXh68&feature=relmfu
Greed is part of us and there is no way to eliminate it (if you are selling a product it is natural to sell it for the highest possible price).The good thing about capitalism is that it uses greed to make the world more productive.The government should not encourage anything, because whenever it does so it sends false signals to the markets which in turn makes the economy inefficient.The government may try to stimulate growth in construction by building a lighthouse in the middle of the desert (that would create jobs, right?) but what's the point? In the real world the examples are less obvious, but the same principles apply.
Everyone who would like to help such students is free to donate money to organisations that fund them. This is the good thing about low taxes and free markets- you can spend your money for whatever you want. And under free market capitalism you would have the money to support those people because you would not have to pay very high taxes. Everybody wants something different in life and it is not government's responsibility to please everyone.By giving the people their money back you are giving them the financial freedom to achieve it. If you want to give some of them to poor people no one is stopping you from doing so.
As the saying goes, "The trouble with socialism is that eventually you run out of other people's money." .
Actually, it is the government intervention that makes college expensive.If the government stops subsidizing student loans the colleges would have to cut the prices to attract students.
In the press conference they said that EdX and OCW will coexist, so it won't get canceled.
tame ego of Linus
I'm not sure if the openBSD/openSUSE guys would agree.
They added a new sky (Neil deGrasse Tyson told him): http://www.youtube.com/watch?v=8B6jSfRuptY