by Don Boudreaux on August 24, 2022

in Country Problems, Crony Capitalism, Other People's Money, Subsidies

HT Adam Martin.

Today we had yet another demonstration of the bizarre principle that, while it’s considered to be appalling to buy votes using your own money, it’s considered to be downright angelic to buy votes using other-people’s money. But I – a college professor – shouldn’t complain. This move by Biden will only further artificially increase demand for higher education (so comically called) and, thus, eventually raise my real income. Still, I do complain, for I detest thievery, bribery, injustice, and populist politics.

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