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A comment on What If Andrew Yang Was Right?. Parent comment

Re:What If Andrew Yang Was Right? by taneq on Tuesday March 17, 2020 @03:50AM (#22602683)
> Remember how we tried to fix the education problem by student loans and how we tried to alleviate the housing burden by mortgage tax deduction and subsidies of interests?

I don't understand how anyone ever thought that making it easier to borrow money would make things with inelastic demand more affordable. People will pay what they must to get food and shelter. If you make tertiary education non-negotiable in getting a job, then people will pay what they must to get an education. If you loan them huge sums then you just reduce price insensitivity and create a massive pricing bubble.

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Re:What If Andrew Yang Was Right? by christophilus on Tuesday March 17, 2020 @06:48AM (#22603613)
And yet, people do fail to see this. The inflated price of college is almost entirely the result of easy credit and inelastic demand. And it creates a cycle: as college prices increase, more people need credit to access education, which puts more pressure on politicians to ease credit rules, etc.
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