784 karma · joined August 10, 2021
On the other hand, it’s an godless cesspool that transforms it’s denizens into the worst versions of themselves. So there’s some give and take
1. Economic uncertainty causes stress. The economic system is complex beyond comprehension so folks reify their anxiety onto the physical manifestation of the economy - money. Thus the money supply, and by extension the Fed, become a synecdoche of a much larger system.
2. The Fed is a scapegoat for fiscal policy. Politicians and special interests peddle Fed conspiracies because it distracts from Congress’ dereliction of duty to make fiscal policy. Taxing and spending are powerful levers that many politicians are loathe to use. This is why the Fed Chair doesn’t even have to be an economist anymore. They are just a whipping boy for the public
Interesting that the government continues to peddle credentialism for software developers. I personally think a CS degree is still a strong positive signal but it’s hardly a requirement anymore
It’s always been a weed out class (lots of future investment bankers would switch to an easier major). If he has kept the sane bar as previous years, and college kids are struggling as much as it seems, I’m not surprised with the poor results.
As an alum, I think Davidson is in a tough spot. It made a name for itself in the past for the rigor and volume of its coursework. Grade deflation was a common topic when I attended. While it is not a household name, it’s built a very solid reputation with graduate schools and key employers for producing graduates with the requisite skills to excel. Obviously it does not hurt a large part of student body comes from upper-middle-class to upper class backgrounds which I argue provides the real value proposition (networking and exposure to upper class ideas and culture) but I digress
However, being really really hard with a low name profile is a tough appeal in the current zeitgeist. Schools have become businesses where parents and students want guarantees, especially if they are paying private school tuition. But if Davidson lowers it standards to meet customer demands, then how does it differentiate itself? Especially in the humanities. If you are an English major at Princeton then you are set because of your schools brand. But an English major at Davidson needs that reputation of rigor for their personal brand (and to hone skills of course).
I am skeptical interventions actually help - the students who do the right things in their own time will get better grades.
As a laymen though, I’m free to guess. I do think boys propensity to binge video games is a explanatory factor. Based off my experience, playing progress- oriented games tricks your brain into thinking you are accomplishing something tangible. I think the only thing that steered me away from heading down a dark path was athletics, which grounded me in the real world growing up
I’m not sure how much Latin and Church play into things (I did both growing up and it’s not much to write home about) but I think the decreasing opportunities for a rich life have more to do with the systematic de-skilling of the professional and academic middle class. Society can not countenance regular individuals with that much leverage and influence so it does everything in its power to reduce engineers, teachers, etc to cogs in a machine
At least with the Feds they are under a constant microscope. The most heinous corrupt shit in America almost always happens at the local level because they can get away with it
“Students are customers” - Hard disagree here. I had a great time in college but the effects of the neoliberalization of the university definitely diminished the experience. Schools are one of the only pre-capitalistic institutions left in society that situate folks in time and tradition. Now they are becoming another money grab.
The explanation I heard for the traditionally higher brackets is that it facilitates quicker turning. Is there truth to this or is this more of a marketing thing?
In general, I don’t really understand the dismissal of the use of systems language for social topics. Other domains on this site are debated in very analytical terms looking at historical factors and second order effects.
What makes social issues different where it’s uncouth to perform the same type of analyses?