Lost Republic
"The bold effort the present [central] bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
~ Andrew Jackson

How Government Drives Up College Tuitions

This is several months old, but it is fantastic. How can anyone possibly oppose college tuition subsidies? Please listen and learn. Like most government programs, government tuition subsidies punish exactly the people they presume to help.

Yale University

1810-1852 tuition = $33/year or 1.65 ounces of gold
1918 tuition = $160/year (dollars were inflated during WWI) = 8.4 ounces of gold = 32 days of manual labor
2009 tuition = $36,500/year or about 33 ounces of gold = 550 days of manual labor

This was caused not by freedom or greed. It was caused by reckless government subsidies.

This entry was posted on Friday, January 15th, 2010 at 4:15 am and is filed under Austrian School, Educational Freedom.

One Response to “How Government Drives Up College Tuitions”

  1. U.S. Universities Feast on Federal Student Aid | LostRepublic.us December 23rd, 2011 at 4:23 am

    [...] Perhaps the illustrious author encountered Peter Schiff’s videos, one of which I posted and summarized here. [...]


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