Education debt: The next bailout?

posted by
January 12, 2011
Show-Me Institute
by Christine Harbin  
Posted in Commentary

"By knocking the price system out of equilibrium, the government causes a misallocation of resources, which produces a market bubble that will burst as soon as the subsidy ends. Is education debt the next bubble to burst? Will there be an education debt bailout? The protagonist in the article — who has a law degree, $250,000 in debt, and a low-wage temp job — doesn’t seem too worried." (01/11/11)  

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