Source: American Institute for Economic Research
by Neal McCluskey
“Two things seem like they should go without saying: People use their own money more efficiently than they use someone else’s, and the more you subsidize a thing the more of it you tend to get. Both profoundly apply to American higher education, a teetering tower of ivory made simultaneously skyscraping and bloated by federal taxpayer dollars. We would all be better off if the feds withdrew from higher education, requiring ivory tower denizens to sustain themselves not with money originally belonging to involuntary third-party participants – taxpayers – but students, lenders, and research patrons using their own money to buy what the tower is hawking. That would make higher education more efficient, effective, and better for society.” (06/24/24)
https://www.aier.org/article/want-better-higher-ed-get-the-feds-out/