Nerd News: Government Interference in Student Loans = Predictable Mess

I've been going on and on about this for a long time. Here are someone else's piquant observations. Note especially the object lessons you can take from this in terms of the current health care "reform" debacle:

This is a perfect example of what the government will wind up doing to health care, either in the near term or somewhat down the road. They intervene to promote a social agenda, and eventually decide that total government control is “more efficient” than the private sector. We need to stop the nationalization of student loans, but more importantly, we need to learn the right lesson of what happens when we allow the federal government to compete with the private sector. Eventually, the private sector gets eliminated, and we’re seeing that unfold in real time with student loans.

Look, even without bringing in the health care bill mess, in terms of student loans alone, the more the government interferes, the worse the situation becomes, and the bubble is looking terribly like the housing bubble (and we all know how well THAT turned out).