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.

“We live in a time where few understand how things get made. It is fine to not know where stuff comes from, but it isn’t fine to not know where stuff comes from while dictating to the rest of us how the economy should be run.” —Doomberg