Stop Subsidizing?

Conventional political wisdom holds that Democrats try to give a hand up to the poor and Republicans try to give a hand out to the well off. Whatever the merits of these stereotypes on issues like taxes and entitlements, the House Republicans PROSPER Act shows that at least on higher education, the exact opposite is true.

Understanding why takes a bit of economic education. Democrats have become the party of β€œfree college.” That sounds like a great deal for the poor β€” what could be more affordable than free?

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