Today there is an excellent Washington Examiner piece by Timothy Carney, who has been doing terrific work exposing the twin myths that Republicans are for free enterprise and Democrats are for “the little guy.” (His books The Big Ripoff and Obamanomics are must-reads.) In this piece, Carney shows that the status quo with federally subsidized “private” student loans is a bad system, but that the proposed complete takeover by the feds wouldn’t be any better.

The federal government should never have gotten into the college-lending business, and the best course of action is for it to get out of it as quickly as possible.