The Fallacy of Economic Myths
Many popular economic myths have been adopted by the masses–especially opportunistic politicians–that just don’t stand up to the facts. A popular concept floating around Democrat campaigns is making a state college or community college education free to students. What they can’t get through their troubled heads is that when politicians subsidize things, it doesn’t make the cost go away. Says consumer reporter John Stossel, “In the case of college tuition, they’ve tried. Federal spending and college aid has doubled, then doubled again. But as government aid grew, so did tuition.” He explains further and analyzes other myths that bend the truth in this edition of Liberty Pen.
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