this guy is throwing around so much bullshit, i don't even know where to start. i mean, do i want to get into a discussion about the euro crisis on this thread? probably not. suffice it to say that greece's problem is not that they're "broke". it's that they lost sovereignty over their banking institutions to the ecb.

universities charge a fee to enter, and it gets paid as it is. how can there be less money than they collect in fees? i believe that pewdiepie should have really been on this panel to address this issue. really. a subset of gdp is greater than gdp. that's not even ordinal. you'd need a new system of logic to get your head around this.

demagogues pick their battles wisely. they have to! i hear his next interview will be a discussion of planetary mechanics with the hula champion in a local kindergarten class. he'll show her good.

https://www.youtube.com/watch?v=Zmji36q8E4o

the way the system currently works is that you put people into debt when they're young and have them pay that debt off - + interest - when they graduate.

the proposal would need to be to put the money down first, and then collect it in taxes when they graduate.

all that that does is remove the interest on the loan, which is really just a deadweight on the economy. it also socializes the investment, and along with that it socializes the losses - meaning those that do well will pay education costs for those that do not. this would ultimately be equivalent to a stimulative tax cut for low to middle wage earners at the expense of the bank. that's about the only effect you'd see, in terms of accounting.

if you did it intelligently, you'd set the system up so that tax revenue = theoretical debt - theoretical interest. so, the student (after graduation) would have their new income equal to their old income minus the interest. that is,

new income = previous income - (theoretical debt - taxes = 0) + theoretical interest

which is a net benefit.

then, they'd no doubt spend that and we get an economic stimulus out of it.

so, the simple way to think of it is that the government steps in to take the role of the bank, in collecting taxes instead of loan payments. it's really a very minor tweak from the fiscal side. but, it would open up opportunities on the youth side.

that said....this kind of model works best when standards are higher. "free" education is not the same thing as "universal" education. i do support "free" education, but i don't support "universal" education - or at least not at this level. this is how most countries with state-funded education function: they basically give everybody who deserves one a scholarship, and abolish the fee-for-entry status quo for those that do not.