Too much government spending and loose monetary policy lead to rising prices combined with falling economic growth rates. All Keynesian roads lead to stagflation. It is the result of economic mismanagement. Again and again, the belief has been proven wrong that central bankers could guarantee the so-called price stability and that fiscal policy could prevent economic downturns. The present crisis is one more piece of evidence that interventionist monetary and fiscal policies are disruptive. Instead of a permanent boom, the result is stagflation.

Money is not the root of evil as many people mistakenly think. Corrupted money (i.e., fiat money and currency debasement), however, is the root of many economic, social and cultural evils. 

The origins of the federal student loan program are well documented and follow a similar trajectory to most government subsidy programs in American history. Each previous government subsidy program has had a history of mismanagement, inefficiency, backwards incentives, and inflationary pressure via creation and distribution of new dollars in exchange for goods and services at rates below their market value.