Source: Adam Smith Institute
by Tim Worstall
“As we’ve been known to remark around here prices are information. We may not like the information being transmitted but that’s an incentive to change what is being done rather than to try and hide the price. On this basis the student loan system is working just perfectly …. We are seeing the price of trying to have 50% of the age cohort going to university. It’s a very high price too. One that — clearly — isn’t worth it as the whingeing is showing. But that’s what having that price, clear and obvious, does for us. Tells us that this isn’t working. … The price is too high therefore we need to change what we’re doing.” (02/18/26)
https://www.adamsmith.org/blog/the-student-loan-system-is-working-just-perfectly