“Inflation is always and everywhere a monetary phenomenon in the
sense that it is and can be produced only by a more rapid increase in
the quantity of money than in output.”-- Milton Friedman
Whatever else Obama studied at Accidental University, it wasn’t economics.
If it had studied economics, he’d understand that the more the federal government throws money at higher education, the higher the costs are going to go.
The College Board recently released statistics that bear this out.
During the Slight Depression of ‘09 and ’10, when deflation was the problem, state and private universities saw “the largest one-year percentage increase in the constant dollar published price for tuition.”
Published prices climbed almost 6 percent in the 2009-2010 school year over the 2008-2009 period.
http://finance.townhall.com/columnists/johnransom/2013/08/23/the-liberal-way-making-it-cheaper-no-matter-what-it-costs-n1671407?utm_source=thdaily&utm_medium=email&utm_campaign=nl
Whatever else Obama studied at Accidental University, it wasn’t economics.
If it had studied economics, he’d understand that the more the federal government throws money at higher education, the higher the costs are going to go.
The College Board recently released statistics that bear this out.
During the Slight Depression of ‘09 and ’10, when deflation was the problem, state and private universities saw “the largest one-year percentage increase in the constant dollar published price for tuition.”
Published prices climbed almost 6 percent in the 2009-2010 school year over the 2008-2009 period.
http://finance.townhall.com/columnists/johnransom/2013/08/23/the-liberal-way-making-it-cheaper-no-matter-what-it-costs-n1671407?utm_source=thdaily&utm_medium=email&utm_campaign=nl
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