Freedomain Radio - Stefan Molyneux - Student Loan Lies!
Aired: 2020-12-02
Duration: 04:31


=== Gotta Get to College (02:36) ===

[00:00:00]  Gotta laugh, right?
[00:00:01]  Gotta laugh. What are you gonna do?
[00:00:02]  Cry all day? So here's a funny thing, right?
[00:00:05]  So remember when you were growing up, I got the same thing.
[00:00:08]  When you were growing up, it was like, you gotta get to college, man.
[00:00:11]  If you don't get to college, you'll be nothing.
[00:00:13]  You won't even be a waiter.
[00:00:14]  You might actually end up being an entrepreneur like Bill Gates and Steve Jobs.
[00:00:18]  Gotta get to college. Go to college.
[00:00:20]  College is your IQ test that costs a quarter million dollars in four years out of your life.
[00:00:25]  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.
[00:00:33]  So you were told go to college, right?
[00:00:36]  Because college, you see, produces an enormous amount of value.
[00:00:39]  Now this comes out of the basic reality.
[00:00:41]  Up until the 1950s, 1960s, only about 10% of people went to college.
[00:00:47]  And they were the 10% of the world's, of the smartest people around.
[00:00:49]  And so, of course, after they went to college, or whether or not they went to college, We're good to go.
[00:01:11]  It's like a good singing voice or being tall or whatever it is.
[00:01:15]  It's just a lot of genetics involved.
[00:01:16]  There's stuff we can move, stuff we can change.
[00:01:17]  Really, really important. So smart people went to college and smart people did well coming out of college.
[00:01:22]  Not because they went to college, but because they were smart.
[00:01:25]  You know the way like tall people play basketball, but...
[00:01:31]  If you want to become taller, there's no point joining a basketball team because you've got your course in effect backwards, right?
[00:01:36]  So smart people went to college and they did well in life.
[00:01:39]  So what society in its infinite ignorance said was, wow, people who go to college do really well.
[00:01:45]  So let's just put more people in college so everyone can do really well.
[00:01:49]  And, well, that's not what happened.
[00:01:51]  What happened, of course, well, you can picture it in the basketball league, right?
[00:01:54]  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.
[00:02:02]  So I'm just going to go and join a basketball team.
[00:02:05]  It's going to make me really tall, really skilled athletically, and I'm going to get a lot of girls.
[00:02:10]  Of course, what happens is your cause and effect is reversed, right?
[00:02:13]  So it doesn't work.
[00:02:15]  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?
[00:02:20]  And I know there's a couple of exceptions in ballplayers who aren't tall, whatever, right?
[00:02:24]  The exception trolls are some of the most annoying and boring brain insects on the planet.
[00:02:30]  But anyway, so everybody was told, go to college, you'll make a fortune, do well.

=== Nobody's Talking About (01:54) ===

[00:02:36]  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.
[00:02:46]  So if college is so valuable, why on earth would you need student loan forgiveness?
[00:02:50]  Makes no sense at all.
[00:02:51]  Logically, right? So...
[00:02:55]  Nobody's talking about that.
[00:02:56]  Nobody's talking about, oh man, totally sorry.
[00:02:58]  We told everyone to go to college and get massive student debt.
[00:03:01]  Because it turns out it wasn't college that made people successful.
[00:03:04]  It was smart people who got into college.
[00:03:06]  And it was their intelligence that made them successful.
[00:03:10]  And you can't teach IQ in college.
[00:03:12]  You just can't. You can make people wiser through philosophy, which is kind of what I'm interested in doing.
[00:03:16]  I really can't make anybody smarter any more than I can make anyone taller or change their eye color.
[00:03:20]  But what you can do...
[00:03:22]  You can make people wiser, and that's really, really important.
[00:03:24]  Of course, you're not going to get any wisdom in college.
[00:03:26]  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.
[00:03:35]  So it is really ridiculous.
[00:03:37]  And of course, the fact that they're talking about student loan forgiveness, and what is it, $1.5 trillion?
[00:03:42]  The U.S. economy is wrapped up in student loans.
[00:03:44]  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.
[00:03:55]  And of course it was a lie, right?
[00:03:56]  The Marxists love it if you go into debt so that they can indoctrinate you because they care so much about the poor.
[00:04:01]  So nobody's talking about this.
[00:04:03]  Nobody's talking about, well, maybe we've just made a giant mistake dumping everyone in college.
[00:04:08]  Nobody's talking about that at all.
[00:04:09]  And I'm kind of really interested in the shadow of what is not being talked about because everyone's been gaslit.
[00:04:15]  And this last 60, 70 years really of pro-college propaganda has been proven as a complete lie.
[00:04:21]  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?
[00:04:29]  It was all a lie, and it's such a desperately dangerous lie.