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Student Loan Crisis

We have a crisis on our hands.

The Student Loan Crisis:

Government subsidies through student loans and grants have artificially inflated the cost of tuition in American higher education.  Similar to the housing bubble that was fueled by cheap and easy-to-obtain credit, student loans increase demand for degrees and inflate the price. Unlike the housing bubble however, student debt doesn't go away once you file for bankruptcy.    

 

Are Student Loans the Next Housing Bubble? by EconomicFreedom.org:

Related Freeman Articles

THE CALLING

Bubbles, Malinvestment, and Higher Education

Artificially low interest rates wreak havoc again.

MAY 17, 2012 by STEVEN HORWITZ

Thus just as inflation induces people to invest too much in longer term production processes at the expense of consumer goods, so subsidizing of college induces people to invest too much in the longer term production process and higher order human capital associated with higher education.

ARTICLE

Why on Earth Do We Have a Student Loan Crisis?

Student Loans Are Largely a Creature of Federal Intervention

NOVEMBER 01, 2008 by GEORGE C. LEEF

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April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
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