The Curse of Inflation

The is my latest at the Partial Observer. Excerpt:

If the government didn't increase the supply of money specifically designated for education, fewer young adults would go on to college. There wouldn't be "inflation" in education. But government-created demand instead causes tuition prices to skyrocket, leading to yet more aid and even more debt. Government paradoxically makes higher education more accessible and more expensive, even as the value of the degree declines. A university degree is like the dollar: as it becomes increasingly worthless, it becomes more and more indispensable.