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2023-

2023-11-12 b
THE STATE OF THE DISUNION II

INTENDED OR UNINTENDED CONSEQUENCES?


Peter Schiff in 50 seconds

“Before the government got involved, college was cheap. Government drove up the cost of college by guaranteeing student loans.”

“The minute colleges knew that people could get these loans, they started jacking up tuition so they could benefit from all of this government money.”

“That is how the government got the votes of students. They promised the students something for nothing. Vote for me, I will make it easier for you to get a loan for college.”

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See also:
Accounting for the Rise in College Tuition
http://www.nber.org/chapters/c13711.pdf

*
RELATED:

YOU BORROW THOUSANDS OF DOLLARS &
THIS IS WHAT YOU GET AT MIT: 


*

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