The Student Loan Situation is One Giant Bubble, Because a Degree is Worthless

http://www.thelastgreatstand.com/2015/09/11/the-student-loan-situation-is-one-giant-bubble-because-a-degree-is-worthless/

The following is somewhat lengthy interview with Peter Schiff, so the translation there, is you get 25 minutes to soak up a TON of valuable information. To begin, the hosts start off by asking Peter about one of the financial bubbles here in America getting a lot of attention lately, and that is the student loan bubble. Like all bubbles, as well as so many of the other problems inherent within our economy, government steps in and attempts to solve a problem (sometimes a real one, sometimes only a perceived one), and once they inject themselves into the market, it’s all downhill. Of course, like Obamacare, Illegal Executive Amnesty, and the Dodd-Frank “Consumer Protection Bill,” liberals in government always have a publicly stated reason for the program, and then the real reason for the program. Sadly, 99% of Americans never get passed the bunker sticker slogans from the stated reason for the plan.