I sometimes wonder what the government’s ultimate goal is each time it intervenes to prop up a bubble. People were living easy with the values of their houses far outstripping inflation . . . what is the result of perpetuating this trend indefinitely? We would live in a world where houses cost billions in today’s dollars, and the only people who can afford them already have them! Obviously the market will never allow such a thing, no matter how much the government wants it to.

I believe, given the current trends, that the term “Educational-Industrial Complex” will soon be coined, and it will cost more than ever to attend college (given that tuition will come from the government and not from the marketplace). But at some point one of 3 things will happen at the hands of the market. Either the government won’t be able to afford it, students won’t be able to afford the debt even with the government paying the interest, or people will just start entering the workplace out of high school because the quality of education will be so low and the costs so high, . . . or even a fourth option where students go out of country to attend college. India perhaps?