Serbie Banders: "There are young people who went deeply into debt, worked very hard to get a good education, and yet get out of school and can't get decent jobs and are living in their parents' basements. There is a point there."

You bet there's a point: get government out of "education"! The misallocation of resources-- an overabundance of people with one type of degree, a serious shortage of people with other types of degrees, a trillion dollar bubble in loans of a very specific type-- are all positively classic outcomes of State intervention in markets. It's so totally text book that I couldn't script it any better.