Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

Too Many Lawyers? The Free Market has a Solution

Having too many lawyers is not just bad for society: It is bad for the lawyers.  Too many lawyers means too few jobs.  Life is tough out there for nearly every recent law school graduate.  Many people have offered many solutions.  Most of these solutions are paternalistic.   They involve quotas.  Limit the number of law schools, or number of income law students, they say.  There's a better solution that involves the free market:  Get the government out of the student loan business.The federal government provides direct student aid to students.  It also guarantees most private loans.  Thus, companies like Sallie Mae loan money to a student knowing that even in default, Sallie Mae will get paid.  Money is loose, easy, and to a 22-year-old 1L, seems free...continue to full post

Full post as published by Crime & Federalism on September 10, 2009 (boomark / email).