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Bill Sardi comments on the continuing and worsening scam of college education. He particularly concentrates on economics.

Free college education is now being handed out to high school graduates and will lead to the ruination of many unwary young Americans.

Here is what happens when higher education becomes commoditized:

Having redefined my definition of “Americans” to only include Americans, I’m tempted to say they’re already ruined, young or old. He goes with twelve very good reasons why what passes for the college experience is generally a waste for most people, again centering on the moneyed aspects. He’s 99.999% right.

As for the debts that will never be repaid, just remember that the Fed, in the past two weeks, has created more than enough fiat to get rid of all student loans. Or, do we owe those to ourselves too?