Thursday, May 05, 2011

The Laws of Economics Apply to Education II

Economist Donald Boudreaux asks what would happen If Supermarkets Were Like Public Schools. For some reason we let the market take care of feeding us -- which is certainly of incredible importance (one could even say it's a matter of life and death) -- but find the idea of the market taking care of a luxury good like education absurd. (Just because it's a luxury good, that doesn't make it unimportant!)
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