Wednesday, August 24, 2022

Louis Vuitton

Rob Henderson compares student loan forgiveness with forgiving credit card debt on Louis Vuitton handbags.

2 comments:

  1. On twitter: https://twitter.com/robkhenderson/status/1532773528847515649

    It's a comment on a Paul Campos article in "the Week" with the title "How a Louis Vuitton bag can explain the higher education bubble"

    Of course Rob Henderson noticed it, as he is a Veblen fan. Extending the analogy to the currently hot political issue of loan forgiveness (on college loans but not handbags) is less notable than not extending it would be.

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  2. I would rather compare it to slapping a Band-aid on a cancer sore. When so many people are in need of student debt relief, even when you account for the fact that some of them are in bad financial straits due to their own poor decisions, that reflects deeper problems in the economy which impede people from earning a living.

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