Sunday, April 7, 2013

Statism and Student Debt

What most folks fail to umderstand is that government guarantees and student loan subsidization is a part of the cause of this constant increase in higher education costs, and is its greatest weakness since these increases are unsustainable and the bubble that this public policy creates also leads to its collapse. As Margaret Thatcher said, "the problem with socialism is that eventually you run out of other people's money." Statists tend to disregard this reality and favor violece (forced redistribution of wealth and resources), but theft is theft regardless of the cooorful language used.

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