Incredible what has happened to our universities.
Hanson's wrong and he really should know better than to talk like an idiot; I mean, he has worked as a history prof. at Calif. Univ. Fullerton. OK so he may not think very much of what he and his colleagues taught but the market place sure does. While talk is easy hard money has to go where it counts and U.S. univ. grads make twice what high school grads make.
He whines that folks that went to college now owe a total of $1.2T in student loan debt. Big flippin' deal. Back here on the Planet Earth the ones that owe that debt are earning $5T more than the highschool grads. Every year. Let's think. For $1.2T in debt for life, we get an extra $5T every year, for life.
That's good.
I hope that was sarcasm. If not you are in deep trouble.
Where the heck did you come up with that number? It's one-third of the US GDP.