Subsidies to corn are supply-side: they go to farmers, who then increase the supply of corn on the market. Supply cure shifts down/to the right (since supply curves are upward sloping): lower price/higher quantity.
Subsidies to (higher!) education are demand-side: they go to students, who then spend the money on tuition. Demand curve shifts up/to the right (since demand curves are downward sloping): higher price/higher quantity.
The real problem, of course, is that we get more corn and more higher education than is socially optimal.
Edit: Of course, I should also point out that, after deducting subsidies (including student loans), the price of higher education is actually declining.
Here's a question for this teacher: she says she can't tell whether her students are learning anything without the participation requirement. What? Are tests something we just don't do below college level anymore? Or is it just easier for her to count up the number of times a student answers a question (or her impression of that number) than it is to grade good essay questions?
Fair enough. The only problem I have with it is that discretionary spending isn't what's breaking the budget, whether security spending or domestic spending. So concentrating the sequester on that half (half!) of the budget is just a way to allow people to continue ignoring the fact that it's Social Security and --- especially --- Medicare that need to be dealt with.
But hey, at least those discretionary domestic programs do enough harm that it's worth cutting them for that reason, if not for budgetary reasons.
What you're missing is the people injured by licensed dentists who are still incompetent, which doesn't get reported by the liberal media (for some odd reason).
Mendel: Also, I don't agree that Republican candidates are milquetoasts. Today we all rue Mitt Romney as a gentleman who honorably refused to reply to Obama's dirty personal attacks, but a year ago he was a heartless monster ripping his less-well-funded Republican opponents to shreds. · 2 hours ago
Second what Xennady said. What you describe is exactly what happened during the two campaigns: ruthless attack-dog Romney during the primary, polite gentleman Romney during the general. If Republicans would only reverse that pattern --- and more generally, treat those more conservative than themselves as friends they happen to agree with about some things and those more liberal as enemies to be destroyed, the way Democrats do --- we'd never lose another general.
Paul Wilson: So, the story is we haven't been charging enough for federal flood insurance. The program now needs a bailout--those who enjoyed the lower premiums are now getting a handout from the taxpayer. All the more reason not to have a public flood insurance program in the first place. Private insurers would have covered themselves in the re-insurance market and charged appropriate premiums. · 1 minute ago
If what you say is true, I agree with you. But surely you agree that you can't welch on the people you sold insurance to now that they have a claim, after accepting their premiums all those years. · 9 hours ago
No, I don't agree with that. We do this sort of thing all the time --- it's called bankruptcy. You don't actually pay debts you genuinely cannot pay, whether public sector or private sector.
Schizophrenics --- people completely out of touch with reality --- don't really qualify as independent adult citizens, in much the same way as children don't. Obviously it's wrong to mistreat them --- it's morally wrong to mistreat even animals, for crying out loud. But treating them as autonomous citizens with the full slate of rights and independence sane people have is ridiculous.
Who's on the offensive on social issues again? Isn't it your side? We social conservatives cannot call a 'truce' on social issues --- only the aggressor can do that. We can only surrender. If we must lose either way, better to lose fighting.
Pitchers shouldn't hit because they are boring to watch.....:-) Also I like the DH's effect in prolonging the career of veterans, particularly when used in a platoon format.
But perhaps the most fun thing to watch in baseball is the strategy -- something that no-hitting pitchers take away from. · 12 hours ago
Well, what you lose in "strategy" by eliminating the double substitution and the sacrifice bunt you gain in "strategy" in the pitcher's pitch selection. From what I can tell, a "good" NL pitching is basically "throw the ball really fast and wait for the lousy batters to come up and strike themselves out", whereas pitching in the AL is much more subtle, and much more interesting.
Nope. Production falls with increasing tax rates at every level. You get a Laffer curve because at some point that effect overwhelms the rise in tax rates, and revenue falls. But the output-maximizing level of taxation (ignoring the need to fund government somehow) is always 0%.
I mean, the thing is you need to be consistant about how you apply the rules. So if you make it okay to have a weekly outdoor religious meeting there, then you can't complain when Wiccans or Satanists or Muslims hold their weekly meetings. · 9 hours ago
Nobody complains about that. We complain when Wiccan/Satanist/Muslim/FBI plant religious symbols are added to Christmas displays on public property.
Israel is killing innocent children, accidentally.
This is part and parcel of its exercising the right to self-defence you endorse. These are simply facts. If Israel did not act, these children would not die. · 6 hours ago
You're dodging the moral agency issue. Israel is not morally responsible for the deaths of civilians when those deaths are deliberately caused by Hamas --- not even a little bit. Israel has no general obligation to minimize the number of innocent civilians who die --- not that such a thing is even possible --- it has an obligation to minimize the number of innocent civilians whose deaths it is morally responsible for. It's not possible for Israel to incur moral guilt because Hamas kills a civilian.
Joseph Paquette: First, make having a job in the country a criminal offense for the employee and employer. Not a fine, but a crime! Further, I have been advocating amnesty for residency, but to gain citizenship; an illegal alien would have to leave, and return legally. I think it's the most practical solution. In order to gain legal resident status, the alien would have to have documented profeciency in English, employment, no felonies, and that status can NOT be used to bring more relatives to the USA. · 21 hours ago
Edited 21 hours ago
Yeah! Let's make it illegal for illegal immigrants to come here and go on welfare!
Wait, you said "have a job"?! What, exactly, is the argument against letting people come here if they're going to work and contribute to our economy?
Re: Why Do Subsidies Make the Price of College Go Up?
Subsidies to corn are supply-side: they go to farmers, who then increase the supply of corn on the market. Supply cure shifts down/to the right (since supply curves are upward sloping): lower price/higher quantity.
Subsidies to (higher!) education are demand-side: they go to students, who then spend the money on tuition. Demand curve shifts up/to the right (since demand curves are downward sloping): higher price/higher quantity.
The real problem, of course, is that we get more corn and more higher education than is socially optimal.
Edit: Of course, I should also point out that, after deducting subsidies (including student loans), the price of higher education is actually declining.