Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
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Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
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My wife is a physical therapist she has a master degree. She was taught how to do her job by someone who was has bachelor degree in physical therapy..both are allowed or qualified to do their job by passing a national physical therapist exam. Not by the degree they hold…which ,by the way, the bar has now been set at a Doctorate degree to "qualify" to take the national physical therapist exam….The winners are clear in this plan, the schools who get higher tuition for "allowing" the person to take the PT exam and the hospitals who charge more for the service delivered by "more qualified" personnel. The loosers.. the students who pay more and get paid less (as a ratio to inital investment to actual market ROI) and the patients (or who ever pays aka insurance companies or if we go to a single payer system, that's you and me) who receive the exact same service regardless of the degree the person holds.
He he so right. When government dove head first into student loans under Obama, tuition skyrocketed. I worked for my tuition in the 90s and 12 hours ran me 800-900 dollars not including books. Books were about another 500. Theres no way I would've been able to afford current tuition on my own.
"customers" that's deep
I love you Peter!!
In short let capitalism work by itself, don't ever try to fuck with it.