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This is remarkably similar to the subprime bubble (in part instigated by a federal policy to encourage homeownership).
by alexpetralia 6y ago
This is remarkably similar to the subprime bubble (in part instigated by a federal policy to encourage homeownership).
- wallawe 6y agoIt's amazing how few people recognize this. Unintended consequences of government policy in both cases. "Everyone deserves a home" said GW back in the early 2000s. We've now seen the exact same thing play out in the education system. Of course as soon as the government gets in the business of providing/guaranteeing loans, the cost of tuition skyrockets. Why wouldn't they raise prices?