America's financial aid system provides too much taxpayer support to banks making college loans, demands too little of students assuming them, and burdens families with too much debt. The system fails to reward rigorous college-preparatory work in high school and penalizes students who hold jobs while in college. Lenders make extraordinary…

Uses the rapid rise and fall (within two years) of Clinton's industrial technology policy as an example of the creation and delegitimization of political ideas in federal government. Compares the shifting opinions on this policy to similar experiences with other policies, most notably nuclear power. (MJP)