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Competition ALONE is exactly what drives prices down. The endless supply of students with a government guaranteed loan is why they are not going down, why woul
by frebord 8y ago
Competition ALONE is exactly what drives prices down.
The endless supply of students with a government guaranteed loan is why they are not going down, why would they? It completely violates the most basic element of our economy.
Fully socializing those things is a solution better than what we have now, but that is the point where those things stagnate (US K12) which is why I prefer the free market solution and still think it is perfectly capable of producing exponentially more opportunity than the car without an engine (socialism).
- mrep 8y agoYou do realize students have to pay back those loans right? I know many people including my girlfriend that only considered state schools or ones that offered significant scholarships because they didn't want to be 100s of thousands of dollars in debt.
- coryrc 8y agoThey don't have to. There are limits to how much of a person's income can be spent and some people choose low-paying careers, so their loans never get paid off. Government agencies and schools will pay off loans if you work there; an additional bailout financially-responsible people are missing out on.
- throwawayjava 8y agoCan you name a single country that has accessible, inexpensive, high-quality higher education system provided entirely by the private sector? The view that free markets are some sort of magical panacea for education or especially healthcare strikes me as an extraordinarily anti-empirical -- if admittedly hyper-rationalist -- position.
- catawbasam 8y agoThis. You have plenty of data points to choose from. Show us. Empty ideology just won't cut it.