Exposing the madness wehind current economic thought

Thursday, August 1, 2013

Obama on education.

Obama in his speech on the economy at Knox College in Galesburg, Ill.:

"Today, more students are earning their degree, but soaring costs saddle them with unsustainable debt."

Robert Wenzel sets him straight:

The unbearable college debt is the direct result of government interference in the sector. Without government backing up of student loans, colleges wouldn't be able to charge the rates they now do. If education was left to the free market, prices would be lower and education would be much more diverse and valuable.