> I see several people putting forth the argument that people are the most efficient at allocating money for themselves. That is not true except in an Ayn Rand novel.
I've never read an Ayn Rand novel, yet I still agree with that statement. I guess if you call someone an Ayn Rand supporter, that is supposed to discredit them? It's a pretty basic economic principle. If you take $10000 from your bank account, you are less likely to impulsively purchase a new car than if someone walked up to your house and gave you $10000. Seriously, it's super simple, and has nothing to do with Ayn Rand.
> If people were so rational, everyone would go to college because the expected value of college still dwarfs the cost of college.
Many people get off fine without college. You are touting your preferences as the only "rational" set of preferences. There is more to life than the "expected value of college."
I've never read an Ayn Rand novel, yet I still agree with that statement. I guess if you call someone an Ayn Rand supporter, that is supposed to discredit them? It's a pretty basic economic principle. If you take $10000 from your bank account, you are less likely to impulsively purchase a new car than if someone walked up to your house and gave you $10000. Seriously, it's super simple, and has nothing to do with Ayn Rand.
> If people were so rational, everyone would go to college because the expected value of college still dwarfs the cost of college.
Many people get off fine without college. You are touting your preferences as the only "rational" set of preferences. There is more to life than the "expected value of college."