I think it was Ron Paul who said in a debate something along the lines of "The rule is: anytime you subsidize something you get more of it."
I don't know where I stand on that as it comes to education. Sure, a more educated populous is desirable but college no longer has a monopoly on higher education. The question to me is, do we need more of the type of graduates college is turning out? And if so, will subsidies further exacerbate the college tuition problem when college becomes "free"? It seems like distancing the payer and consumer leads to more unuseful consumption (one can look to healthcare or even college textbooks for examples)
I don't know where I stand on that as it comes to education. Sure, a more educated populous is desirable but college no longer has a monopoly on higher education. The question to me is, do we need more of the type of graduates college is turning out? And if so, will subsidies further exacerbate the college tuition problem when college becomes "free"? It seems like distancing the payer and consumer leads to more unuseful consumption (one can look to healthcare or even college textbooks for examples)