When Mark Cuban talks business and money, you really need to listen. The savvy billionaire who was once broke at the age of 27 is one of the greatest businessmen our generation has seen. So, needless to say, he knows a thing or two about how money works. Earlier this week, we already saw him spit some truth on the Republican party and saying that he is fiscally conservative (or fiscally responsible, as I like to call it).
Now, he’s taking a shot at the other end of the spectrum with his recent Cyberdust from Friday. He went after Hillary Clinton and her student debt proposal, something that affects probably a lot of you. He makes a lot of excellent points.
Here’s my take on it being the economics guy of the team: Everything Cuban said is true. While he failed to mention that the burden of the increased loans available will fall on the taxpayer, I’ll assume that it was implied. If we are now pumping more and more printed money into people who won’t be able to pay it back, we will see another collapse like we did in 2008. This reminds me of her hubby’s plan with Fannie Mae and Freddie Mac and the whole subprime mortgage situation that helped lead to the 2008 crisis.
Cubes has just been dropping truth bombs lately. Cuban for president 2016..
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