previous comparison of bubbles, credit played a huge role in the downfall of the tulip market. Comparing this to the student loan crisis, the rise in price of Tulips was attributed to a socially reinforced construct about the underlying value of the Tulip. Speculators believed the price of Tulips would continue to rise and they would be able to pay off their current debts with future profits from Tulips. Comparing this to the student loan crisis, tuition has risen astronomically already but student borrowers continue to take out obscene amounts of debt with the belief that a college degree, in the future, will be able to pay off the principal and added interest of the loan. When rare, highly valued tulips ran out, investors switched their speculation
