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> you steal from the poor and give to the rich At this point it's really future generations who are being stolen from. I'm older, own a house, and paid for mu

• PragmaticPulp 6y ago
  > I do not think the fed is solely to blame though. This doesn't get repeated often enough. People like to blame the fed for everything, but much of the inflation in categories like tuition has been driven by misguided efforts to increase college loans to young people and encourage everyone to attend the most prestigious college they can get into. Colleges have been more than happy to soak up the increased demand with ever-rising tuition costs. The fastest way to reduce college tuition would be to put an upper limit on federal subsidies and bankruptcy protection for college loans. College tuition would magically drop to match that amount, almost overnight. Likewise, we need to stop going to such lengths to incentivize everyone to own a home. It started with good intentions, but it turned into an unsustainable arms race. Slow down the federal backing of home loans and let the market sort it out. Renting isn't nearly as bad of a financial choice as many young people think.