Don’t Worry: It’s Okay; The Money We’re Spending Isn’t Ours

(Don Boudreaux)

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Here’s a letter to the Wall Street Journal:

Editor:

In their devastating criticism of Pres. Biden’s and Progressive Democrats’ scheme to gin up votes by forgiving student-loan debt, Phil Gramm and Mike Solon correctly explain that “the taxpayer, not the Democratic National Committee, ultimately pays for student-loan forgiveness” (“Student Loan Forgiveness Is a Political Bribe,” June 30).

Note the irony: The same people – Progressives – who shriek most hysterically about the prospect of rich individuals and corporations exercising their Constitutional right to affect electoral outcomes by spending their own money are today leading the charge to affect electoral outcomes by spending other people’s money.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030