The bubble aspect comes from the approaching brick wall for U.S. Treasury bonds. At some point the machine will stop handing out free money. Then the price of a

The bubble aspect comes from the approaching brick wall for U.S. Treasury bonds. At some point the machine will stop handing out free money. Then the price of a gender studies degree will fall to historical work-your-way-through-college levels. There will be a lot of political pressure to reprice the principal on old student loans, which were only so expensive because the government blew a bubble.