How Bitcoin Fixes our Government's Student Loan Fiasco!
Hey Everyone,
Over the past couple of days, we have seen some crazy behaviors from the current administration when it comes to student loans and forgiveness.
I think this forgiveness is one of the most dangerous things our administration can do as it creates a moral hazard, undermines our system, and encourages more debt-based behavior on everyone's behalf.
It is unfortunate to see this play out, as we live in a free market capitalist society, and people should have to pay for the mistakes they make. We do need to encourage cheaper admission prices, but those prices are propped up because of the government itself. The entire problem is the government! In today's podcast, I go over:
- 150K+ U.S. Citizens and $1Bln+ being used for this program
- Morale hazard being created
- Sending of the wrong signals to the citizens and borrowers in this country
- Why we need bitcoin
- The importance of speaking up and not just taking it
- The root of how the system got this bad in the first place
- How low-time preference thinking will shape this
What do you guys think in regards to student loan forgiveness? Do you think this is something that could contribute to the further morale decay of our society?
I'd love to hear everyone's thoughts! As always, thanks for supporting the show!
Best Regards,
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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