Op/Ed: To End Unnecessary Student Loans, Use Free Market to Help Education

By Robert Taylor of PolicyMic.com*

The Occupy Wall Street protests began in New York City almost two months ago, and the movement has spawned protests in 70 cities and 600 communities across the country and the globe. Protesters have generally expressed frustration and anger over income inequality, unemployment, student loans, and other issues, and it has been millennials who have appeared at the forefront of the movement.

Young people’s participation in the movement makes sense. Only 55% of Americans between the ages of 18 and 29 were employed last year, the lowest since World War II. In the last decade, the incomes of Americans between 25 and 34 have dropped by 12%. And barely 14% of 20-somethings are optimistic about the future.

The protests have drawn opposition from both Democrats and Republicans, but these critiques fail to address the root of the problem by ignoring the damaging effects of interventionist government economic policies in education for young Americans.

Under the guise of providing education, both Democrats and Republicans have encouraged the expansion of easy credit, federal student loan guarantees, and subsidized university education, resulting in the exact opposite of what they were intended to do; costs have skyrocketed, while the quality of education has gone down.

Instead of “reform,” a drastically new approach is needed in education that is based on individual liberty and the free market. Instead of paying property taxes to fund their education, families and individuals should have the freedom to choose their path in the assortment and competitive prices that the market provides.

Since the creation of the GI Bill in 1944, the federal government has encouraged millions of people, through the combination of loans and subsidies, to go into debt in order to attend college. The Federal Reserve made the borrowing easy with interest rates below market levels, and federal institutions guaranteed the loans. In the same way that the housing sector was distorted by a Fed-induced boom that eventually burst in 2008, this has similarly created an education bubble. Now about two-thirds of all college students graduate with student loans, and the average college student graduates $25,000 in debt. Tuition has risen by 900% since 1978. Combine these factors with a stagnant economy, and it is no wonder the “Occupy” protests are spreading through this country and around the world.

Thanks to government subsidies, many graduates hold “cheap” degrees that have little market demand. Because of this, over one-third of all college graduates end up taking jobs that even don’t require a degree, like waiters, cashiers, and janitors. Without the pricing mechanism of the free market to guide the education sector, colleges lack the proper incentives to prepare students for the future. As Michael Ellsberg argues in the New York Times, “American academia is good at producing writers, literary critics, and historians. It is also good at producing professionals with degrees. But we don’t have a shortage of lawyers and professors. America has a shortage of job creators. And the people who create jobs aren’t traditional professionals, but start-up entrepreneurs.”

The alternative to this lies in the free market. Without government subsidies and loans, multiple years of college would be only for scientists, engineers, and doctors who need certification and intensive training. The rest of the education sector would provide trade schools and institutions with courses aimed at providing people with practical and marketable skills and talents. Any loans or assistance would be completely voluntary, thus keeping costs low. A free market in education allocates resources in order to build entrepreneurs, wealth, jobs, and prosperity in order to attract future customers (students) and build their reputation. No longer would students have to bear the burden of debt that many OWS protesters claim they carry.

This means we need an end to federal student loans, grants, and subsidies. The competition of the market would bring costs way down, decentralize education, and allow much more diversity to a system that for too long has been dominated by a failing one-size-fits-all policy.

The problems fueling the frustration of the protesters will no doubt continue long after the protesters disperse. The best possible solutions to the protests lie in the expansion of individual liberty and the free market.

PolicyMic.com is a unique platform to host the highest-quality discussion online. Targeted to engage millennials in current events, the site uses game-like technology to incentivize users to participate in discussions more actively and comment more thoughtfully than on other sites across the web.

On Wednesday's TV show, Glenn Beck sat down with radio show host, author, political commentator, and film critic, Michael Medved.

Michael had an interesting prediction for the 2020 election outcome: a brokered convention by the DNC will usher in former First Lady Michelle Obama to run against President Donald Trump.

Watch the video below to hear why he's making this surprising forecast:

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To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On Thursday's "Glenn Beck Radio Program," BlazeTV's White House correspondent Jon Miller described the current situation in Virginia after Gov. Ralph Northam (D) declared a state of emergency and banned people carrying guns at Capitol Square just days before a pro-Second-Amendment rally scheduled on Martin Luther King Jr. Day.

Jon told Glenn that Gov. Northam and the Virginia Legislature are "trying to deprive the people of their Second Amendment rights" but the citizens of Virginia are "rising up" to defend their constitutional rights.

"I do think this is the flashpoint," Jon said. "They [Virginia lawmakers] are saying, 'You cannot exercise your rights ... and instead of trying to de-escalate the situation, we are putting pressure. We're trying to escalate it and we're trying to enrage the citizenry even more'."

Glenn noted how Gov. Northam initially blamed the threat of violence from Antifa for his decision to ban weapons but quickly changed his narrative to blame "white supremacists" to vilify the people who are standing up for the Second Amendment and the Constitution.

"What he's doing is, he's making all all the law-abiding citizens of Virginia into white supremacists," Glenn said.

"Sadly, that's exactly right," Jon replied. "And I think he knows exactly what he's doing."

Watch the video to catch more of the conversation below:

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Ryan: Trump Louisiana Finale

Photo by Jim Dale

Part One. Part Two. Part Three.

At the end of Trump rallies, I would throw on my Carhartt jacket, sneak out of the press area, then blend in with everyone as they left, filing out through swinging doors.

Often, someone held the door open for me. Just 30 minutes earlier, the same person had most likely had most likely hissed at me for being a journalist. And now they were Sunday smiles and "Oh, yes, thank you, sir" like some redneck concierge.

People flooded out of the arena with the stupidity of a fire drill mishap, desperate to survive.

The air smacked you as soon as you crossed the threshold, back into Louisiana. And the lawn was a wasteland of camping chairs and coolers and shopping bags and to-go containers and soda cans and articles of clothing and even a few tents.

In Monroe, in the dark, the Trump supporters bobbled over mounds of waste like elephants trying to tiptoe. And the trash was as neutral to them as concrete or grass. They plodded over it because it, an object, had somehow gotten in their way.

It did not matter that they were responsible for this wreckage.Out in the sharp-edged moonlight, rally-goers hooted and yapped and boogied and danced, and the bbq food truck was all smoke and paper plates.

They were even more pumped than they had been before the rally, like 6,000 eight year olds who'd been chugging Mountain Dew for hours. Which made Donald Trump the father, the trooper, God of the Underworld, Mr. Elite, Sheriff on high horse, the AR-15 sticker of the family.

Ritualistic mayhem, all at once. And, there in Louisiana, Trump's supporters had gotten a taste of it. They were all so happy. It bordered on rage.

Still, I could not imagine their view of America. Worse, after a day of strange hostilities, I did not care.

My highest priority, my job as a reporter, was to care. To understand them and the world that they inhabit. But I did not give a damn and I never wanted to come back.

Worst of all, I would be back. In less than a week.

Was this how dogs felt on the 4th of July? Hunched in a corner while everyone else gets drunk and launches wailing light into the sky? configurations of blue and red and white.

It was 10:00 p.m. and we'd been traveling since 11:00 a.m., and we still had 5 hours to go and all I wanted was a home, my home, any home, just not here, in the cold sweat of this nowhere. Grey-mangled sky. No evidence of planes or satellites or any proof of modern-day. Just century-old bridges that trains shuffled over one clack at a time.

And casinos, all spangles and neon like the 1960s in Las Vegas. Kitchy and dumb, too tacky for lighthearted gambling. And only in the nicer cities, like Shreveport, which is not nice at all.

And swamp. Black water that rarely shimmered. Inhabited by gadflies and leeches and not one single fish that was pretty.

Full of alligators, and other killing types. The storks gnawing on frogs, the vultures never hungry. The coyotes with nobody to stop them and so much land to themselves. The roaches in the wild, like tiny wildebeests.

Then, the occasional deer carcass on the side of the road, eyes splayed as if distracted, tongue out, relaxed but empty. The diseased willows like skeletons in hairnets. The owls that never quit staring. A million facets of wilderness that would outlive us all.

Because Nature has poise. It thrives and is original.

Because silence is impossible. Even in an anechoic chamber, perfectly soundproofed, you can hear your own heartbeat, steady as a drum. A never-ending war.

I put "Headache" by Grouper on repeat as we glided west. We were deadlocked to asphalt, rubber over tarface.

And I thought about lines from a Rita Dove poem titled "I have been a stranger in a strange land"

He was off cataloging the universe, probably,
pretending he could organize
what was clearly someone else's chaos.

Wasn't that exactly what I was doing? Looking for an impossible answer, examining every single accident, eager for meaning? telling myself, "If it happens and matters the next year, in America, I want to be there, or to know what it means. I owe it to whoever cares to listen."

Humans are collectors and I had gone overboard.

Because maybe this wasn't even my home. These landmarks, what did they mean? Was I obvious here? When I smiled, did I trick them into believing that I felt some vague sense of approval? Or did my expressions betray me?

Out in all that garbage-streaked emptiness — despite the occasional burst of passing halogen — I couldn't tell if everything we encountered was haunted or just old, derelict, broken, useless. One never-ending landfill.

Around those parts, they'd made everything into junk. Homes. Roads. Glass. Nature. Life itself, they made into junk.

I cringed as we passed yet another deer carcass mounded on the side of the road.

As written in Job 35:11,

Who teaches us more than the beasts of the earth and makes us wiser than the birds in the sky?

Nobody. Look at nature and you feel something powerful. Look at an animal, in all of its untamable majesty, and you capture a deep love, all swept up in the power of creation. But, here, all I saw were poor creatures who people had slammed into and kept driving. Driving to where? For what reason? What exactly was so important that they left a trail of dead animals behind them?

So I crossed myself dolorously and said an "Our Father" and recited a stanza from Charles Bukowski's "The Laughing Heart"

you can't beat death but
you can beat death in life, sometimes.
and the more often you learn to do it,
the more light there will be.

Out here, nothing but darkness. Needing some light, by God. Give me something better than a Moon that hides like an underfed coward.

Jade told me about some of the more traumatic things she'd seen while working at the State Fair.

"Bro, they pull roaches out of the iced lemonade jugs and act like nothing happened."

"All right but what about the corn dogs?"

"You do not want to know, little bro."

She looked around in the quiet. "Back in the day, the Louisiana Congress refused to raise the drinking age from 18 to 21," she said. "They didn't want to lose all that drunk gambler money. So the federal government cut off funding to highways."

We glided through moon-pale landscape for an hour before I realized what she had meant. That there weren't any light poles or billboards along the road. Nothing to guide us or distract us. Just us, alone. And it felt like outer space had collapsed, swallowed us like jellybeans.

Like two teenagers playing a prank on the universe.

In the cozy Subaru Crosstrek, in the old wild night, brimming with the uncertainty of life and the nonchalance of failure, we paraded ourselves back to Dallas. Alive in the river silence that follows us everywhere.

New installments come Mondays and Thursdays. Next, the Iowa caucuses. Check out my Twitter. Email me at kryan@blazemedia.com

The Iowa primary is just around the corner, and concerns of election interference from the last presidential election still loom. Back in 2016, The Associated Press found that a majority of U.S. elections systems still use Windows 7 as an operating system, making them highly susceptible to bugs and errors. And last year, a Mississippi voter tried multiple times to vote for the candidate of his choice, but the system continuously switched his vote to the other candidate. It's pretty clear: America's voting systems desperately need an update.

That's where blockchain voting comes in.

Blockchain voting is a record-keeping system that's 100% verifiable and nearly impossible to hack. Blockchain, the newest innovation in cybersecurity, is set to grow into a $20 billion industry by 2025. Its genius is in its decentralized nature, distributing information throughout a network of computers, requiring would-be hackers to infiltrate a much larger system. Infiltrating multiple access points spread across many computers requires a significant amount of computing power, which often costs more than hackers expect to get in return.

Blockchain voting wouldn't allow for many weak spots. For instance, Voatz, arguably the leading mobile voting platform, requires a person to take a picture of their government-issued ID and a picture of themselves before voting (a feature, of course, not present in vote-by-mail, where the only form of identity verification is a handwritten signature, which is easily forgeable). Voters select their choices and hit submit. They then receive an immediate receipt of their choices via email, another security feature not present in vote-by-mail, or even in-person voting. And because the system operates on blockchain technology, it's nearly impossible to tamper with.

Votes are then tabulated, and the election results are published, providing a paper trail, which is a top priority for elections security experts.

The benefits of blockchain voting can't be dismissed. Folks can cast their vote from the comfort of their homes, offices, etc., vastly increasing the number of people who can participate in the electoral process. Two to three-hour lines at polling places, which often deter voters, would become significantly diminished.

Even outside of the voting increase, the upsides are manifold. Thanks to the photo identification requirements, voter fraud—whether real or merely suspected—would be eliminated. The environment would win, too, since we'd no longer be wasting paper on mail-in ballots. Moreover, the financial burden on election offices would be alleviated, because there's decreased staff time spent on the election, saving the taxpayer money.

From Oregon to West Virginia, elections offices have already implemented blockchain voting, and the results have been highly positive. For example, the city of Denver utilized mobile voting for overseas voters in their 2019 municipal elections. The system was secure and free of technical errors, and participants reported that it was very user-friendly. Utah County used the same system for their 2019 primary and general elections. An independent audit revealed that every vote that was cast on the app was counted and counted correctly. These successful test cases are laying the groundwork for even larger expansions of the program in 2020.

With this vital switch, our elections become significantly more secure, accurate, and efficient. But right now, our election infrastructure is a sitting duck for manipulation. Our current lack of election integrity undermines the results of both local and national elections, fans the flames of partisanship, and zaps voter confidence in the democratic system. While there's never a silver bullet or quick fix to those kinds of things, blockchain voting would push us much closer to a solution than anything else.

Chris Harelson is the Executive Director at Prosperity Council and a Young Voices contributor.