Big Brother has a putrid reverse Midas touch (“el toque de mierda”) in which everything subsidized rises in cost while declining in quality. Contrast price changes through time across industries with heavy government subsidization or regulation (education, healthcare, housing) compared to relatively free industries (cellphone service, software, TVs). For education in particular, the simple solution is to get the government completely out of the student lending business.
Big Brother has a putrid reverse Midas touch (“el toque de mierda”) in which everything subsidized rises in cost while declining in quality. Contrast price changes through time across industries with heavy government subsidization or regulation (education, healthcare, housing) compared to relatively free industries (cellphone service, software, TVs). For education in particular, the simple solution is to get the government completely out of the student lending business.