The fact of University education having soared 17 times the median income, obviously means there is a bubble that needs to pop. This bubble is sustained with s

The fact of University education having soared 17 times the median income, obviously means there is a bubble that needs to pop. This bubble is sustained with student loans from the Government. The law of unintended consequences, you want to help the students, you give them money, prices go up. In Spain something similar happened to houses. I don't want loans if they make houses 4 times more expensive, like European money did. I prefer to pay it myself, 4 times faster. I had a very good education in different countries in Europe, and it was "free" in the economic sense, but it required me to have very good grades. In some ways I would have preferred to pay a reasonable price for my education, but giving me the right to choose what I want to study and what not (just pass the exam without having to ace it for maintaining scholarship). The economist, being Keynesian and all wants the Government to control everything top-down, but central planning is not the best system. BTW: I find the hypothesis of the article ridiculous. It is not intelligence or education what makes Ivy league students wealthier in the US, but connections to power and privileges. In fact, few people on the very top are that intelligent or educated. I have met some of them. They have other values, like being working, having charisma, being social...