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22: The Debt Sentence - Part 1: Sputnik, Spending, Economic Voodoo and the Seeds of a Student Loan Empire

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Manage episode 346346446 series 3321270
内容由Jason Burke提供。所有播客内容(包括剧集、图形和播客描述)均由 Jason Burke 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

In the 1950s, the United States made a monumental achievement in education with the transformation of its system from one that was inaccessible to those of lower and middle incomes into one that allowed anyone with the drive and determination to succeed. This incredible change culminated in the monumental achievement of Neil Armstrong's giant leap for mankind, just a decade after it had begun.

However, since then, Higher Education has been repurposed as a debtor's prison, weighing down not just the young but their parents, and saddling all living generations with debt until they die.

Take a trip from the beginning and through the Seventies to understand the promise of student loans and the mechanisms put in place to create an American saga that begins with good intentions and ends, as so many stories do in this country, with the federal government holding a trillion-dollar bag of other people's money.

Further information and sources:

  continue reading

67集单集

Artwork
icon分享
 
Manage episode 346346446 series 3321270
内容由Jason Burke提供。所有播客内容(包括剧集、图形和播客描述)均由 Jason Burke 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

In the 1950s, the United States made a monumental achievement in education with the transformation of its system from one that was inaccessible to those of lower and middle incomes into one that allowed anyone with the drive and determination to succeed. This incredible change culminated in the monumental achievement of Neil Armstrong's giant leap for mankind, just a decade after it had begun.

However, since then, Higher Education has been repurposed as a debtor's prison, weighing down not just the young but their parents, and saddling all living generations with debt until they die.

Take a trip from the beginning and through the Seventies to understand the promise of student loans and the mechanisms put in place to create an American saga that begins with good intentions and ends, as so many stories do in this country, with the federal government holding a trillion-dollar bag of other people's money.

Further information and sources:

  continue reading

67集单集

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