Steven Landsburg reminds people that prices actually represent something concrete in the real world. When the President demagogues against prices, he’s playing the dunce because he thinks you’re an idiot.
This morning I heard President Obama call for universities to lower their tuition rates so that “everybody in America can go to college”.
… To believe what the President wants you to believe, you’d have to be not just stupid but badly misinformed. At the University where I teach, we do not lack for applicants. The reason we don’t have more students is not that they can’t afford us; it’s that we don’t have room for them.