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Thursday, August 24, 2006

Subsidy Economics 101

Cato Institute commentary on why government subsidies have made housing, health care, and education more expensive for twenty-somethings.

"According to data from the College Board, over the past 20 years, inflation-adjusted charges for tuition, fees, room, and board rose roughly 80 percent at four-year institutions. But aid per full-time-equivalent student -- the majority of which came through government -- rose 163 percent. Any question what enabled college prices to rise so high?"

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