Thursday, July 10, 2014

This Pornstar Understands the Economics of Supply & Demand Far Better Than President Obama

This Pornstar Understands the Economics of Supply & Demand Far Better Than President Obama | Prepper Chimp:
She recently penned an op-ed for Time Magazine where she took the president to task for inflating the cost of higher education.
In her op-ed she wrote:
“… my porn work pays the exorbitant tab for one simple reason: Demand for porn actresses, especially extremely young ones like myself, far exceeds supply. How interesting that the same basic principle explains why my tuition bill is so high in the first place.
Demand for education, kind of like demand for porn, is pretty inelastic. Kids like me have been told our whole lives that higher education is the only way to be successful in America. President Obama made it clear he wants to keep that demand high in a speech in Austin, Texas.
belle knox‘I want us to produce 8 million more college graduates by 2020, because America has to have the highest share of graduates compared to every other nation,’ Obama said.”
And here’s the homerun:
“Government must stop the flow of money to schools in order to get tuition rates under control again. That means being honest about the fact that not every child should go to college. Only 59% of full-time, first-time undergraduate students who began their pursuit of a bachelor’s degree at a 4-year degree-granting institution graduate in four years. That also means making students who can’t afford tuition out of pocket find funding in the private market, where lenders are too judicious to lend someone $150,000 to get a BA in underwater basketweaving.”
Sounds like this one 18-year-old pornstar actually understands supply and demand more than our own president. Read her full op-ed here.

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