FLASHBACK: Milton Friedman Schools a Young David Brooks on Free College

Posted by  $  Olduglycarl 3 years, 6 months ago to Economics
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"Friedman said his answer is a simple, "No." He expounded by saying that the students that would typically benefit from government-subsidized college are middle and upper income groups while the burden to pay falls on everyone, but especially hard on the lower income groups that won't see the same benefits from the program."
SOURCE URL: http://www.truthrevolt.org/news/flashback-milton-friedman-schools-young-david-brooks-free-college


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  • Posted by gsaunder 3 years, 6 months ago
    We have the equation backwards. Instead of pumping additional tax dollars into the system, we need to reduce the cost/overhead of college. The example here in Sacramento at UC Davis with Linda Katehi and her 5 million dollar "communications budget". I have to assume that a private sector alternative would be far more efficient.
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    • Posted by  $  Thoritsu 3 years, 6 months ago
      That is EXACTLY right! It is too expensive because there is no real competition!

      Kill the accreditation Nazis and let real competition in education begin!
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    • Posted by plusaf 3 years, 6 months ago
      Keep in mind that a lot of the cost acceleration of higher education can be laid at the doorstep of government subsidies, too!
      If a student discovers ANY kind of subsidy, gift, grant or whatever, they get to apply to a more-expensive college than they otherwise could.
      Colleges, faced with artificially increased demand are in the position, considering their limited resources of facilities, faculty, etc... to Raise Their Prices in response.
      Which leads students to look for More Loans to help cover That additional cost.
      Subsidized below-market student loan rates do exactly the same thing to the college cost bubble! And higher demand for government-subsidized or -controlled loans does Nothing to adjust the market-clearing price of the Loans themselves!

      Friedman should be required reading and viewing for all high school kids today...
      Never happen, though.
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  • Posted by Herb7734 3 years, 6 months ago
    You cannot change the mind of a person who has an agenda based on the way he wants things to turn out. No matter how many times the Soviets put forth a 5 year plan, or Castro sets an agenda, every 5 year plan failed and Cuba's population is living in substandard housing and driving 50 year old cars. If one tries to negate cause and effect, he will always fail. The black kid has blinded himself to that because it's not the way he wants things to turn out.
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  • Posted by  $  jbrenner 3 years, 6 months ago
    If free college becomes a reality, I will seriously have to consider a complete shrug instead of just a partial shrug.
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    • Posted by  $  3 years, 6 months ago
      "free" usually equals low quality...not to mention only giving you what They want to give you...denies choice, value and probably discussion.
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      • Posted by  $  jbrenner 3 years, 6 months ago
        But how are you supposed to compete with something given away for free, and then provide the sanction of the victim through your taxes?!
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        • Posted by  $  blarman 3 years, 6 months ago
          You can't. People willing to accept the lie that value comes without cost must learn through sad experience the fallacy of their assumption. That was one of the entire messages behind Atlas Shrugged IMHO - the painful realization of an entire nation that there is no such thing as a free lunch.
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          • Posted by Hobartcone3 3 years, 4 months ago
            Ahh, the TINSTAAFL theory, the basic principle of finance, Econ and life: there is no such thing as a free lunch. To quote Bob Dylan or someone: "When will we ever learn!"
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            • Posted by  $  MichaelAarethun 3 years, 4 months ago
              Dates back almost a hundred years and the originator was Robert Heinlein From There's No Such Thing....one of his earlier books comes in variations including one for baseball. When will we ever learn an original lyric song by Pete Seeger. Makes me glad I grew up with the music and the books instead of having to misdefine history.

              We are marching to Praetoria used by Kingston Trio or Smothers Brothers? Which?

              MTA refers to Mendocino Transit Authority Yes or No?

              First band to record Louie Louie? What high school did the song writer attend? Where did the beat originate and trace it's genesis to it's return to roots?

              After that first group name the next three in order of recording and how many bands recorded it.

              What top artist or group holds the records for producing the most ....records albums. Playing every genre worth listening too except those not worth listening too many times to count. that's how you undangle a participle.

              I often use TANSTAAFL, BOHICA, and REMF and USARMY. Care to take a stab at the meanings?
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              • Posted by  $  Dobrien 3 years, 4 months ago
                I paid for my grub

                That's a one way highway

                REMF rear echelon ------ ------- one who never leaves the FOB.
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                • Posted by  $  MichaelAarethun 3 years, 4 months ago
                  For some of us FOB's were considered rear areas. For others they considered leaving Fort Fumble going to the field. As for the other

                  Mother Feathers meaning what you think it means and a take off on feather merchants.

                  Micro Fingered meaning screwed up

                  Middle Finger - The required salute when driving past or thinking of Fort Fumble.

                  M2F Major Middle Finger

                  Enough of that one try

                  The first two but the last one is

                  Uncle Sam Aint Released Me Yet.

                  Two to go.
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      • Posted by  $  MichaelAarethun 3 years, 6 months ago
        The Vrije University and the Libre University (both translate to English as Free) both in Brussels, Belgium are not tuition free but open to all comers world wide. The quality is world class....which means no safe spots - just education
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        • Posted by  $  3 years, 6 months ago
          Essentially we are speaking about free tuition or if you consider taxation of these freely educated students then it gets paid back or pay forward...but as it is obviously pointed out...still many are paying that never get educated, not to mention the disparity between the cost of that education between individuals...no matter how "Equal" they try to make it...it never equals out.
          Free education is a misnomer but as you know, at the heart of it, it creates a disconnect between effort, ownership, self esteem, self reliance and independence.
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  • Posted by  $  MichaelAarethun 3 years, 4 months ago
    true I've seen the stats on what percentage even socially promoted that never finish the first year of college or JC or University whatever. should have given the slots to the Asian descendant kids.
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  • Posted by  $  TomB666 3 years, 6 months ago
    I am not saying this is right, but with the current system we pay through our taxes to support our public universities such as University of Illinois, then pay again if we decide to attend through tuition. That allows fat administrative budgets and fat salaries for political friends, neither of which advance education. This is a typical outcome when you allow people with "no skin in the game" to vote :-(
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    • Posted by  $  3 years, 6 months ago
      Correct...they all should be privatized...I know that Hillsdale College is private and takes no money from any government. It is The best place to go to school...everyone gets a required, extensive and truthful education on the constitution.
      That was their mission from the get go...right after the constitution was created.
      Great place to learn anything.
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  • Posted by  $  allosaur 3 years, 6 months ago
    I think all college administrators and teachers should live together in a dorm and eat at the cafeteria so students can learn and cower in their safe zones all for free.
    Such wonderments shall come to pass when when we Feel The Bern all the way to the Candy Mountain of the Great American Socialist Experiment.
    Power to the people! We don't need no stinking national debt! Just bold and clueless fearless leaders like the one in Rocky and Bullwinkle.
    Hey, what's insanity anyhoo? A difference of opinion. That's what!
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    • Posted by  $  3 years, 6 months ago
      it ain't free....I and everyone else ends up paying for it...while we starve with maybe one meal a day and are forced to use credit for gas so we can go to work just to pay for all that free stuff for everyone else!
      If all the value producers and creators left them to their own devices they'd die...
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      • Posted by  $  allosaur 3 years, 6 months ago
        Seriously, if you have to starve, consider it a worthy sacrifice toward the common good of the brave new world order where everyone gets everything free without even having to work hard.
        Just do a little sweeping or whatever.
        Now let's sing without doing that hard either. .
        Don't Bogart that joint, my friend. Pass it over to me.
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