Highlight excerpt:
Everyone should have the opportunity to go to college, but fairness demands that students themselves – not taxpayers collectively – pay their way. Because a college degree boosts future earnings so dramatically, the best way for students without wealth to pay for college is to draw on their future earnings with loans.
Often private institutions will serve this purpose, but to ensure loan availability for any willing student, government may have to provide loan guarantees. But those loans should be made at market interest rates. Properly implemented, such a plan would eliminate the transfer of wealth from those who do not go to college to those who do.
Read it all here.
--TK
Mr. Fleenor may be on the right track, but he doesn't understand the principle or government limited strictly to protecting individual rights from aggression and fraud:
ReplyDelete"Often private institutions will serve this purpose, but to ensure loan availability for any willing student, government may have to provide loan guarantees"
A proper government does not ensure the availability of loans to anyone.
I agree completely, Burgess. I am more looking for glimmers of hope in the media that are signs of divergence from the present course. If I wrote the article and wanted any hope of getting it published in mainstream media, I would soften it as much as I could so an not to get categorized as a right wing nut while still holding on to Objectivist ideas.
ReplyDeleteBy him saying "government may have to" instead of "government will not" he is opening the door for some Objectivist criticisms, but at least the article is pressure in the right way...which is rare.