> which is why there’s a subsidy required for people to buy them? the gov't also offers interest free (but inflation indexed) loans to tertiary education. Jus

> which is why there’s a subsidy required for people to buy them? the gov't also offers interest free (but inflation indexed) loans to tertiary education. Just because there's a subsidy, doesn't mean the tax payer is paying a price for inefficiency. The policy itself needs to be individually examined to determine whether it's an efficient use of funds, not simply that it's a subsidy (time frame needs to be taken into account too).