Student Loan Forgiveness Isn't Free

We hear a lot about how health care in the U.S. costs more than it does in than any other country. We hear less about the fact that higher education also costs more here than in any other country, and for many of the same reasons: We provide a very high-quality product to those who can pay, funded through a combination of public and private funds, and unlike many other countries, we do not send in the heavy hand of the state to control costs and prices by fiat. Instead, we subsidize pretty much whatever consumers decide to consume and producers decide to give them.