Friday links! Golden age of declinism

Carter Page and LL Cool J’s hat

A few years ago, when frankly things looked better than they do now, we started using the word “declinism” to describe the feeling that society was getting worse. There’s already a word for that: pejorism, but it sucks. In addition to sounding like a Victorian disorder, it does not do the important job of implying some recent peak. Anyone can think things are getting worse. A person who believes society is in decline must also believe it had a golden age. To embrace declinism, then, is to endorse the past. It is a patriot’s complaint, which probably explains why it’s so popular among old people. Today is Friday, and if any condition of society can be said to be better or worse than any other, it follows that society is at any moment on an upward- or downward-tending line. Won’t you experience confusion and fear at the new rap names with me?

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Since 1978, the cost of college tuition has increased 1,225%

Knowledge is good.

Knowledge is good.

According to Bloomberg, the cost of college tuition has increased thirteen-fold since 1978—more than medical care, at nearly five times the rate of CPI. But that’s because a college education is five times as good now, right? Possibly not—anecdotes suggest that our universities have not become dramatically better at teaching than they were four decades ago, and the record number of bachelor degrees we’ve awarded has not necessarily yielded a smarter populace. It has, however, produced an enormous quantity of debt—Americans owe $1.2 trillion in student loans, compared to just under $900 billion in credit-card debt. The class of 2015 is graduating with an average of $35,00 in debt per borrower; meanwhile, 46% of recent college graduates are working jobs that do not require degrees.

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