The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Monday, March 19, 2012

This Is Why You Have Crushing Student Debt (It Ain’t Capitalism)

The student loan bubble is just another government created debt bubble. Government drives up the cost of education and then imposes debt slavery on students.
I have written before about student debt and the federally induced student debt bubble. It used to be that many people could indeed “work their way through” college and emerge on the other side with an undergraduate degree and a future that was still devoid of debt. Those days are long gone for most people in the middle class. Huge sums of federal (fiat) money have poured into the system and as such, just like during the housing bubble, have sent prices (tuition) skyward. Somebody is making money off of your indentured servitude.
Read the rest here