Wednesday, May 25, 2011

College: Expensive Insurance

Why parents send their children to college, according to PayPal founder Peter Thiel in Forbes:
It’s basically a way to buy insurance to make sure your kids don’t fall out of the middle or upper middle class. The broader social questions we should be asking is why has the cost of insurance gone up so much…. our society has become less stable, if you don’t do things the exact right way, if you deviate, you get whacked.

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