2014-01-23, 03:53 AM
If public school became free, it would change market dynamics beyond a simple supply and demand mechanic with respect to jobs. Due to the immense influence that private sector banking has on our economy, aspects of banking w.r.t. loans would drastically change and warp the entire stability of our current country. Specifically speaking, I suspect that debt-related agencies and debt-related investments that provide students with initial payment and/or utilize student debt as an investment for stockholders to trade on market as products like CDOs will react negatively with the news and result in major fluctuations with them trending to low values. Our government has taken major efforts to stabilize post subprime America via huge buy backs of mortgage backed securities in order to bring life back to the housing market. However, I suspect that there are still plenty of investments that remain toxic and completely changing the game would expose the lack of liquidity affecting investor confidence and resulting in shorting and downgrading from respective agencies. Polantaris has made a lot of spot on comments that I agree with, however I think it's interesting to see the word budget cuts being used in context with The Federal Reserve pouring $40-80 billion a month. What budgets are going to be cut? Whose going to enact austerity measures and how is this going to balance the proverbial check book?