The Moral Hazard of Forgiving Billions of Dollars and Outstanding Loans

Florida Gov. Ron DeSantis says the country needs a robust higher education system, but he thinks it's too expensive. Sacks: I don't understand how forgiving billions of dollars and outstanding loans are going to encourage institutions with billions of dollars of endowments to lower their tuition. "We're lending money we don't have to kids who are never going to be able to pay it back," deSantis said. 'A diploma is a tool. A truck is a tool'