Hillary Clinton’s College Tuition Plan Flunks Econ 101
‘There ain’t no such thing as a free lunch," economist Milton Friedman was fond of saying.
What he meant was that every policy has a cost, and that cost should be carefully considered. It is easy to be deceived by lofty promises while disregarding what it takes to fulfill them.
With her latest proposal for higher education changes, Hillary Clinton is employing the Santa Claus strategy of promising Americans free money in exchange for their votes.
In a nutshell, she wants to spend $350 billion to directly reduce tuitions at universities across the country and eliminate the need for student loans.