The Objective Standard has published my latest article, “Student Loan Scheme Just Another Rights-Violating Bailout.”
I review the basics of President Obama’s plans for student loans and point out they would put taxpayers on the hook for part of the debt. I also found some interesting statistics about the skyrocketing costs of higher education — caused predominantly by federal meddling.
I write, “[A]t issue is not the size of the bailout, but the fact that it forcibly transfers wealth from some people to others, violating the rights of the first group and turning the second into parasites. The more government acts on the notion that it is acceptable to bail out some at the expense of others, the more we will see injustices enacted into law.”