VIDEO: Peter Schiff Explains How Government Loans Increase College Tuition
“college tuition used to be pretty stable, it didn’t go up very much”
Saturday, July 18, 2020 at 09:30am 2 Comments
This is excellent.
Financial commentator Peter Schiff recently appeared on the Joe Rogan Podcast, and in this segment, he addresses the higher education bubble.
He provides the best explanation I have seen, of how government loans have driven up the cost of college and what an utter scam it is.
The video is about nine minutes long, and I recommend watching the whole thing:
Featured image via YouTube.
Donations tax deductible
to the full extent allowed by law.
He is right.
No free money, no students == lowered cost to get people in the door to start.
The freshman class is literally thinned out by the faculty. They still collect as much money from the new students as possible. From what I understand, the thinning process reduces the freshman class size by a minimum of 25%.
As my Hopkins mentor told my health economist wife; if you think medicine is expensive now, wait until it is free. Some people can really see the future, and this was when Hillarity was just First Bit.. . Increase demand, increase price. Only socialists who don’t understand economics in the first place can’t see that relationship.