NPR recently reported that US college grads have an average of $26,600 in student loan debt. How does that make Americans more free? These grads have far fewer incentives to take risks, try new things, travel or start businesses. How can this be good for private markets?
If you are bankrupted or go into a lifetime of debt because of illness or injury or are denied coverage because of a preexisting condition, you are less free. You are now an indentured servant.