Free College

With rates on U.S. treasuries hitting record lows politicians have learned an important economic lesson over the past 8 years; more supply equals higher prices (bond values rise when rates fall). Or maybe that only occurs at the peak of an irrational asset bubble, but that's a much larger conversation for another morning.

The U.S. tax payer currently writes a check for any amount requested to attend college. Now that the tax payer's student loan balance sheet of over $1 trillion is beginning to experience massive defaults and losses the President has come up with an easier solution; free college.

Free health care, free wars, free social security and now free college. I can only imagine what they'll add to the list before the government bond bubble implodes.