> as long as people underestimate debt, This is a little like saying "As long as people do bad stuff, they will go to prison". Yeah, but that doesn't mean "pe

> as long as people underestimate debt, This is a little like saying "As long as people do bad stuff, they will go to prison". Yeah, but that doesn't mean "people" will stop doing bad stuff. I remember post-2008 financial crisis a lot of people were blaming consumers for going into debt to buy crap, like new TVs, cars, and whatnot on credit. And it was "their fault" doing it. I don't disagree that everyone has a personal responsibility for stuff like this, but I always think of issues like these in terms of "systems" and environments that set up the conditions for people to do that. Central banks everywhere made interests dirt cheap, which led to banks offering credit for everything and easy credit to obtain, too. It's like they couldn't loan money fast enough. And yeah, a lot of people did fall for it, but the conditions were already created for them to do that. It's no different than tobacco ads brainwashing people into thinking that smoking is cool and you will be a better version of yourself if you smoke, you will feel good, and all that. So where I'm getting at is that in this case it's mainly the government guaranteeing loans and making it "easy" for students to pay for college with loans is what's really the problem here. Make public college free (with what money? I don't know, maybe the $70 billion a year the military just received for no good reason, even before an audit was done of their expenses?), and then ban banks from offering college loans. You'll quickly see this problem solve itself.