Economics Education

On Eric Weinstein and The Portal

Ideas and concepts that he and his guests have brought up

  • Higher education in the US is basically a pyramid scheme for wealth transfer from the Gen-Xers, Millenials, and younger generations, to the Boomers and Builders: the economic model of our higher education system is based on growth – eg, PhD candidates are training to become professors, but obviously there can never be enough professorships unless the education system is growing; true growth in the education system ended a long time ago, and so in order to preserve the system, institutions have grown in administrative positions, leading to cost inflation that exceeds even that of healthcare, and along with it, massive debt.
  • Real economic growth has ended for the US and perhaps much of the rest of the world, but institutions that depend on the growth paradigm are obscuring this reality.