"Moreover, both the President and Governor Romney say they want to continue that low interest rate after July 1, when it is supposed to double. This aggravates an already bad situation, and provides a perfect example of the fundamental problem facing our nation today: politicians pushing programs whose benefits are visible and immediate (even if illusory....), while their extraordinarily high costs are less visible and more distant in time."
-Richard Vedder, from his essay in the recent Imprimis, titled "Federal Student Aid and the Law of Unintended Consequences."
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment