&gt; and was a big believer in market forces<p>A non-market force happened. The government started guaranteeing student loans. Although honestly, even without that, I don&#x27;t think people are good enough in estimating the extra payoff of education they haven&#x27;t received yet over their 30+ years long career in the future, to properly evaluate the market value of college education; instead, they were just believing the old mantra &quot;college is worth it&quot;.