Daniel Priestley

is that young people would have heard, oh, my goodness, there's a shortage of bricklayers.

Have you heard that bricklayers are making 300 pounds a day?

Wow, I would love to make 300 pounds a day.

I'm going to go be a bricklayer.

Guess what?

It's a bricklayer's apprentice.

I'm going to go and be an apprentice.

I'm going to get paid to learn this trade.

And there would be a market-driven pull towards being a bricklayer.

a young person would get a job at a bank and the bank would say, hey, can we please pay for you to do a finance degree because we need more people who've got a finance degree and we will actually pay for you to go through that.

So that's a functioning market.

It's basically based on needs and wants and things that are needed within the economy.

What the government did is they created what's called a market distortion.

They said to all young people, we are going to give you as much lending as you like to go out and take whatever university courses you want.

There's no price data.

There's no signaling data.

It's just if you want to borrow 50,000 pounds, you can go to any course.

If you're really interested in the breeding habits of butterflies, go and do a master's degree in that.

And, you know, happy days, right?

It doesn't matter whether there are jobs associated with it.