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News Link • Government Waste

Uncle Sam’s Growing Ownership of Student Loans

Murray Rothbard would, correctly, object to this government spending as investment. My point in quoting Marron is simply to show how large a factor student loans have become, rather than to hail it as magical new investment. Indeed, given new evidence that a college education is becoming near useless, thanks to government’s involvement in the sector, government “investment” in this sector is clearly money down the drain.

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