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Dec. 2, 2020 - Freedomain Radio - Stefan Molyneux
04:31
Student Loan Lies!
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Gotta laugh, right?
Gotta laugh. What are you gonna do?
Cry all day? So here's a funny thing, right?
So remember when you were growing up, I got the same thing.
When you were growing up, it was like, you gotta get to college, man.
If you don't get to college, you'll be nothing.
You won't even be a waiter.
You might actually end up being an entrepreneur like Bill Gates and Steve Jobs.
Gotta get to college. Go to college.
College is your IQ test that costs a quarter million dollars in four years out of your life.
Unlike 200 bucks in a couple of hours for a genuine IQ test, which is actually more accurate than college in predicting job success, but you can't have any of that.
So you were told go to college, right?
Because college, you see, produces an enormous amount of value.
Now this comes out of the basic reality.
Up until the 1950s, 1960s, only about 10% of people went to college.
And they were the 10% of the world's, of the smartest people around.
And so, of course, after they went to college, or whether or not they went to college, We're good to go.
It's like a good singing voice or being tall or whatever it is.
It's just a lot of genetics involved.
There's stuff we can move, stuff we can change.
Really, really important. So smart people went to college and smart people did well coming out of college.
Not because they went to college, but because they were smart.
You know the way like tall people play basketball, but...
If you want to become taller, there's no point joining a basketball team because you've got your course in effect backwards, right?
So smart people went to college and they did well in life.
So what society in its infinite ignorance said was, wow, people who go to college do really well.
So let's just put more people in college so everyone can do really well.
And, well, that's not what happened.
What happened, of course, well, you can picture it in the basketball league, right?
If you say, well, we've got to take everyone regardless of height and people say, well, you know, Pro ballplayers, they make a lot of money, and they're really tall, and they get a lot of girls.
So I'm just going to go and join a basketball team.
It's going to make me really tall, really skilled athletically, and I'm going to get a lot of girls.
Of course, what happens is your cause and effect is reversed, right?
So it doesn't work.
And actually, it would destroy the NBA if they were forced to take people who weren't good at the game or weren't tall or whatever, right?
And I know there's a couple of exceptions in ballplayers who aren't tall, whatever, right?
The exception trolls are some of the most annoying and boring brain insects on the planet.
But anyway, so everybody was told, go to college, you'll make a fortune, do well.
And now they're talking about student loan forgiveness with no reference, no reference, no reference at all to the previous bullshit about how valuable college was.
So if college is so valuable, why on earth would you need student loan forgiveness?
Makes no sense at all.
Logically, right? So...
Nobody's talking about that.
Nobody's talking about, oh man, totally sorry.
We told everyone to go to college and get massive student debt.
Because it turns out it wasn't college that made people successful.
It was smart people who got into college.
And it was their intelligence that made them successful.
And you can't teach IQ in college.
You just can't. You can make people wiser through philosophy, which is kind of what I'm interested in doing.
I really can't make anybody smarter any more than I can make anyone taller or change their eye color.
But what you can do...
You can make people wiser, and that's really, really important.
Of course, you're not going to get any wisdom in college.
What you're going to get is socialist propaganda, self-loathing Western propaganda, and you're going to end up coming out either a sadist or a masochist, depending on your particular identity.
So it is really ridiculous.
And of course, the fact that they're talking about student loan forgiveness, and what is it, $1.5 trillion?
The U.S. economy is wrapped up in student loans.
The fact that people need student loan forgiveness means that the entire half-freaking-century Last, a propaganda about the value of going to college is all a complete lie.
And of course it was a lie, right?
The Marxists love it if you go into debt so that they can indoctrinate you because they care so much about the poor.
So nobody's talking about this.
Nobody's talking about, well, maybe we've just made a giant mistake dumping everyone in college.
Nobody's talking about that at all.
And I'm kind of really interested in the shadow of what is not being talked about because everyone's been gaslit.
And this last 60, 70 years really of pro-college propaganda has been proven as a complete lie.
And nobody's circling back and revisiting it and saying, well, why, if college is so valuable, do we need to forgive all these loans?
It was all a lie, and it's such a desperately dangerous lie.
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