This comment was posted at the NYT as part of a discussion of college costs, student loans, and the worth of a college education. I wonder if he's serious...
It's the same as healthcare or insurance - "free" money increases the price. Few can afford a 2k a night hospital bed or 50k a year college - without loans. Costs continue to go up b/c someone else paying for it (insurance, scholarships) or a loan is provided. Get rid of gov backed student loans and health insurance and you'll truly have a free market. Hospitals won't be charging 200k for a surgery, b/c no one can pay that. Same with colleges. Sure, we'd go through a very painful period and improvements in healthcare and drugs would come to a halt, but it'd be worth it in the long run.
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