>How do we fix things? Simple, stop doing the things that result in misallocating capital into the higher education market, the boom half of the boom-bust cycl

>How do we fix things? Simple, stop doing the things that result in misallocating capital into the higher education market, the boom half of the boom-bust cycle. For example, ending government guaranteed college loans would instantly make private lenders more wary of handing tens of thousands of dollars over to an Art History major with a 2.0 GPA. Of course this would result in fewer people going to college, a necessary feature of mitigating a bubble. Simple things are not always easy. Large swaths of our society think everyone must go to college to succeed in life. Apparently the media and political elites who foment and abet this notion don't know how much a plumber makes, especially when your water heater breaks on a Sunday morning.