On Wed, Jun 13, 2012 at 1:55 PM, Cameron Childress <[email protected]>wrote:

>
> Education is not a free market. It's heavily subsidized, by federal money,
> and by loans. If it were a finance based free market, you'd only get to go
> to school if you had the money or could prove you were good for a loan. In
> an intelligence based free market on education, only the smartest people
> would get in.
>
> AFAIK - neither of these criteria are used for student loans.
>

I see your point. The subsidization interrupts the normal reduction in
demand that would usually accompany the rise in price.


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