Video Link: https://www.youtube.com/watch?v=bwZ9eo3j9IE

Student loans in the context of Austrian business cycle theory
Anyone with doubts on what I say, see the videos at the bottom of this list on college by Peter Schiff, to see what a waste college has been for many people "The Libertarian Manifesto" by Murray Rothbard. I recommend reading all chapter 9 "Inflation and the Business Cycle" (Capital goods such as a college degree go up faster than other prices, this is out of expectations that there is a need for it. When the student loans stop college prices will fall and colleges and universities will cut expenses and offer a better education as they compete and have to offer a more relevant education for the workforce. Read the chapter and you will understand this more) library.mises.org "Economics for Real People" by Gene Callahan see chapter 8 to learn the Austrian view of capital. Capital exists in peoples #39; minds, it is about peoples #39; plans for the future. The ending of this video shows a man who believed housing prices would stay high because of false ideas about the future. Houses were also valued as capital because people falsely believed they would be able to extract value from them forever, in these peoples #39; minds the houses were capital goods. When both of these false ideas were proved wrong prices for real estate fell. mises.org Clip at beginning of this video is from "Peter Schiff testifies before Congress: Round 2 - Shorter Version" which is not about student loans but talks about the problems of government loans in the housing market. The first part of this video shows a ...From:573freedomViews:2 0ratingsTime:11:12More inEducation

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Student loans in the context of Austrian business cycle theory - Video