(1) I think you're misunderstanding the Lambda model where you don't pay the loan unless you make over a certain amount and it adjusts as a proportion of income

(1) I think you're misunderstanding the Lambda model where you don't pay the loan unless you make over a certain amount and it adjusts as a proportion of income. It's designed to get around the actual "debt enslavement" issues of the current government debt. * (2) A few months of education isn't a plane crash or fatal drug, it's a major inconvenience, but no more than any other bad life decision people make freely all the time (taking a bad job, buying a boat, etc.). As I said, regulation needs to be proportional to the down side. (3) If you make everything really restrictive there is no innovation. Going slow does do harm. Harm that you don't see because it's a positive externality and hence never happens and you don't see it. Growth isn't the enemy and neither is regulation, you just have to be smart about it, and I would argue you're too far on the conservative side. * The only exception, which I believe is still unclear legally, is whether ISA aren't releasable under bankruptcy, which I would definitely oppose as a big supporter of bankruptcy law.