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 ...
Awards are consensus and science is never about consensus.
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.
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.
Indeed
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