/biz/ - Business & Finance

>>52736465
When you get educated you'll realize what the purpose of college is. College is for signaling, for credentials, for networking.

Colleges give the education away for free - you can walk into a class and listen in. Students want to get as little of it as possible - they don't walk into class if they can help it. That's because education isn't what's being sold at college. The part you pay for and the part everyone cares about is the credential.

It's all a giant status race, which is why it's so bad that it's state-sponsored. Employers need a way to identify that you're in the upper 50% in conscientiousness, that you'll stick to a task for three years, so they ask if you have a degree. So everyone rushes to university, and university makes the degrees more expensive to pay for therapists and gold plated sports teams. Which makes the product worse, since the whole point is to prove that you can stick to it for three years without a therapist. So now you have to stay for 5 years instead of 3 because paying $100k has ensured that too many lazy retards are have the 3y credential. And so on until everyone is spending their entire youth signaling that they're more dedicated than their peers before they can get a job. Thanks obama

>>51397435
threadly reminder that cups, handles, cookware, pork chops and beef shoulders are not financial analysis

I just finished reading a blog post on how the fed interacts with banks. It starts off slow but gets into the weeds of post-2008 instruments during the second half. Enjoy.
https://tmychow.com/blog/2021/08/27/damn-near-everything-is-endogenous