I agree with Ron. Same thing happened in housing with the availability of Option ARM liar loans which put an artificial demand on the market, not only from the liars, but from the poor bastards who were saving up to buy next year and then panicked and bought early, sucking all future demand to the present and spiking prices. Same thing happened to housing when we went from single earner to dual earner society. Really, someone should have just stayed home. You get no more house now than you used to and now two people have to work. Same thing happens in health care when people don't shop around because insurance companies shield you from the true price. No one cares what it costs so the price goes up and every sniffle warrants a doctor's appointment..
All good examples (thank you) of how adding funds into a market will inflate prices.
Problem is, we have already seen a ton of inflation in education. 20-30 years ago this would be a good idea, but seriously, where can a kid work now where they can make enough money to hope to pay for their own tuition? Good luck with that. Nice idea, but years too late. Well, I supposed we could all boycott education for a couple of decades. That will bring the price back down. Yeah--that'll show 'em!
Slashdot Mirror
I agree with Ron. Same thing happened in housing with the availability of Option ARM liar loans which put an artificial demand on the market, not only from the liars, but from the poor bastards who were saving up to buy next year and then panicked and bought early, sucking all future demand to the present and spiking prices. Same thing happened to housing when we went from single earner to dual earner society. Really, someone should have just stayed home. You get no more house now than you used to and now two people have to work. Same thing happens in health care when people don't shop around because insurance companies shield you from the true price. No one cares what it costs so the price goes up and every sniffle warrants a doctor's appointment.. All good examples (thank you) of how adding funds into a market will inflate prices. Problem is, we have already seen a ton of inflation in education. 20-30 years ago this would be a good idea, but seriously, where can a kid work now where they can make enough money to hope to pay for their own tuition? Good luck with that. Nice idea, but years too late. Well, I supposed we could all boycott education for a couple of decades. That will bring the price back down. Yeah--that'll show 'em!