What is truly repugnant to some people about college students issuing stocks as well as bonds is that this not only takes the government out of the picture, it takes the intelligentsia out of the picture as prescribers of how other people ought to behave.
DR SOWELL HAS A WAY WITH WORDS, UNCHALLENGED.
“...rather than the vastly larger number of other claimants for government largesse who advance toward the national treasury, using the poor as human shields.”
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That’s my favorite phrase of the piece.