Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Why I don’t trust ‘award-winning’ experts
American Thinker ^ | 22 Jan, 2022 | Jack Hellner

Posted on 01/22/2022 4:45:28 AM PST by MtnClimber

President Biden repeatedly claims that Build Back Better will reduce inflation and says seventeen Nobel Prize-winning economists agree with him. Although Biden lies a lot, it is certainly possible that he could find leftist economists who love big government and socialism, no matter how it fails as an economic system. Socialism essentially makes the government more powerful and makes more people dependent on the government. It gives little opportunity for the poor and middle class to move up.

Here are some simple lessons on economic concepts and inflation:

In the 1960’s, the government started throwing massive amounts of money at colleges, in the forms of grants and loans, to supposedly make them more affordable. The colleges took the opportunity to increase their tuition prices much faster than inflation. There was never any attempt to control costs. As costs went up, the government just through more money ate them, with no effort to see if the degree justified the costs, or if the parents and students could afford to pay the loans back. In other words, there was no underwriting.

What is the Democrats’ current solution for these massive loans? Have taxpayers pay them. The proper solution would have the schools guarantee the loans since they are the beneficiaries.

The Obama/Biden Administration sought to destroy for-profit colleges because “for-profit colleges lure students with misleading promises, then saddle them with debts they can’t pay back despite their newly granted degrees.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Health/Medicine; Science
KEYWORDS: communism
Navigation: use the links below to view more comments.
first previous 1-2021-25 last
To: MtnClimber

Awards are consensus and science is never about consensus.


21 posted on 01/22/2022 7:46:36 AM PST by CodeToad (Arm up! They Have!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PsyCon

I think that was finally read by an editor and the errors were fixed after it was posted here. When I looked at it this morning, it said “through” and “ate” at the AT website. I checked it before I posted.


22 posted on 01/22/2022 8:04:12 AM PST by FamiliarFace
[ Post Reply | Private Reply | To 19 | View Replies]

To: MtnClimber

Biden repeatedly claims that Build Back Better will reduce inflation.

The boob also stated that printing and spending would reduce inflation.


23 posted on 01/22/2022 8:38:10 AM PST by Vaduz ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vaduz
Biden repeatedly claims that Build Back Better will reduce inflation. The boob also stated that printing and spending would reduce inflation.

That makes sense in a way. To the left everything is backward. Evil is good, wrong is right. I see the pattern.

24 posted on 01/22/2022 11:08:51 AM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MtnClimber

Indeed


25 posted on 01/23/2022 7:07:13 AM PST by Vaduz ( )
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-25 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson