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The risk that the increased supply of money lowers the value of that money. Not that this is the straw that's gonna break the camels back, but it's not like the
by Raidion 9y ago
The risk that the increased supply of money lowers the value of that money. Not that this is the straw that's gonna break the camels back, but it's not like there aren't consequences to the taxpayer for allowing the government to allocate funds in a sub optimal manner.
- linkregister 9y agoThis money isn't unbounded; it's confined by the budget allocated to the Department of Education and various government organizations (like Fannie Mae, et. al.). Ultimately the Department of Education is responsible for this money. The last 30 years are remarkable in the amount of controversy surrounding student loans and the default of large education funds. The following article describes this in greater detail: https://tcf.org/content/report/student-loan-guaranty-agencies-lost-way/ https://tcf.org/content/report/student-loan-guaranty-agencie....