News Links: Roubini On Internal Devaluation

Posted from Diigo. The rest of my favorite links are here.

  1. wagdog says

    In “Not From The Onion” Alex Tabarrok wrote: ““American students are not studying the fields with the greatest economic potential.” … In considering the plight of the puppeteer lets also remember that millions of the unemployed would be grateful to have a job that they don’t like.”

    I seem to recall that barely a month ago, the vast majority of the social media population were canonizing some guy who’s philosophy was summed up in these much retweeted quotes of his: “Your time is limited, so don’t waste it living someone else’s life.”, “have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” and “You are already naked. There is no reason not to follow your heart.”

    Somehow, I don’t think the above two philosophies can coexist. Perhaps the creditors of the student loans should bear some of the responsibility in ensuring that only students “with the greatest economic potential” are actually granted these massive loans, thus saving those with much lower economic potential from acquiring crippling debts.

    Related article:
    “Why Science Majors Change Their Minds (It’s Just So Darn Hard)” by CHRISTOPHER DREW (New York Times, 4th Nov 2011)

    1. Edward Harrison says

      wagdog, thanks for the link.

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