Not even economics, common sense
Sep. 7th, 2007 03:24 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
hertinknessJust using common sense would have saved a world of trouble for college students:
People are lazy. If you give someone money to do something, they will find a way to do as little of that thing as possible while still making money. And if you don't supervise them to catch them slacking off, they will slack off to the point where the thing isn't getting done. This applies to mechanics, lawyers, scientists and most importantly, bankers.
And that's why I'm so thankful that Congress has just got their act together on it.
Seriously- if you're giving a bank money to give to students, they're going to skim some off the top. It's not dishonesty (mostly)- it's just that there's so much needless bureacracy that comes with running a bank that everyone needs paid. You're much better off giving the student a Pell grant to reduce government waste. Of course, the last bunch wasn't as concerned with reducing waste as they were with lining their pockets- we'll see if this crop is any different.
People are lazy. If you give someone money to do something, they will find a way to do as little of that thing as possible while still making money. And if you don't supervise them to catch them slacking off, they will slack off to the point where the thing isn't getting done. This applies to mechanics, lawyers, scientists and most importantly, bankers.
And that's why I'm so thankful that Congress has just got their act together on it.
Seriously- if you're giving a bank money to give to students, they're going to skim some off the top. It's not dishonesty (mostly)- it's just that there's so much needless bureacracy that comes with running a bank that everyone needs paid. You're much better off giving the student a Pell grant to reduce government waste. Of course, the last bunch wasn't as concerned with reducing waste as they were with lining their pockets- we'll see if this crop is any different.
