Tuesday, August 18, 2009

Richard Vedder on Reason.TV

Matt Welch interviews Ohio University Economist, Richard Vedder on the high cost of college educations the other day. Vedder notes that the high cost is largely a result of government funding by pumping up demand.

Watch his talk after receiving the Adam Smith Free Enterprise award from the American Legislative Exchange Council:

Part 1:

Part 2:

I've mentioned this quite a few times obviously, in this blog and everywhere else - but I bring it up now because it bears repeating, and it also is a direct parallel to what we've done with Health Care as well.

I know I wind up saying the same things over and over, but it's quite simple: If you artificially boost demand by using the power of government force + bottomless pit that is "taxation", and you don't have any way to boost supply at all - or worse, you actively work against it through restricting licensing and erecting barriers to market entry.... you get high cost!

Shouldn't be a surprise, but for whatever reason.......... The general public still seems baffled.

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