Wednesday, May 25, 2011

Wherein Matt Yglesias' Intern is concerned about moral hazard

Yglesias » Helping Low Income Kids Go To College Without Discouraging Them From Finishing On Time:
"In either case, the moral hazard created by having a third-party payer for a student’s higher education would be mitigated since the financial burden of education gradually would be shifted from the state to the individual."

Moral hazard has no place in a discussion about public education. This is every bit as stupid as the argument that people who are not ill will see the doctor willy nilly if they are not paying for it. There is a SMALL number of folks to which it would apply but you do not make policy that assumes they are the majority when it is well known that this is simply not the case.

Better interns please.

No comments:

Post a Comment

Not moderated but I do delete spam and I would rather that people not act like assholes.