Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Tuesday, December 08, 2009
President Obama just made the specious claim that "we have made college more affordable"
Government subsidies inflate costs, thereby making things less affordable.
Think about the things that are subsidized (e.g. healthcare, ethanol) and things that are not. What stuff is more inflationary?
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