Student loan collapse will be worse than the housing collapse?
“If it is a valuable investment, there’s no point in the government subsidizing it. If it’s not . . . the government has no business subsidizing it.”
We’ve seen the detrimental effects of the housing market bubble; will we see the same results with the student debt crisis? In this video Professor Antony Davies explains the higher education bubble and how a lack of economic freedom is taking us down the very same path.
“While we’re seeing the same kinds of things happen in the student loan market that happened in the housing market, the implications for the borrowers in the student loan market are going to be much worse.”