the room saying, gee, prices are really high, well, i got an idea, let s subsidize consumption? this obviously is going to push prices higher. and i think that s you mean tuition in this case for schools, yeah, because the schools take the loans and capitalize them into the tuition because they know the students will be able to borrow whatever they need. right, and they have no incentive to try to hold down costs. off lot of american high school students who don t go to college. and what ends up happening is they are subsidizing these losses. and also the kids who don t go to school, don t go to college or don t go to yale, brother freeman, they are the ones who end up subsidizing through their tax dollars. finally, this stifles up innovation. many are trying to push prices down, but where is the incentive to do any of that innovation if the government can provide this?
were they sitting around the room saying, gee, prices are really high. i ve got an idea. let s subsidize consumption. this obviously is going to push prices higher. tuition in this case. they capitalize into the tuition because students will be able to borrow whatever they need. and they have no incentive to try to hold down costs. you have a lot of american high school students who don t go to college. and what ends up happening, they re subsidizing these losses and also kids who don t go to school, don t go to college, don t get the four-year degree, don t go to yale, brother freeman, get they re the ones who end up subsidizing through their tax dollars. and finally, i think this stifles innovation. because some people are actually trying to be creative about how to bring down costs. online learning combined with the traditional learning to try to push prices down. but where is the incentive if the government is just going to provide a bottomlesses pit. as we said, this