Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.

Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans. | Laurence M. Vancehttps://t.co/KOBiQyZFq9

— Mises Institute (@mises) April 20, 2019