Good response to my baiting.

Banks are free to say no to joining the program.

Why should I guarenttee banks a profit?

FYI

He owes a huge debt and he makes no claim for tremendous originality. Friedrich Hayek would be the first to tell you that. If Hayek were around, and you said that to Hayek, he would agree completely. As would Milton Friedman. Not about certain academic work that Friedman did — and ditto for Hayek. These guys did all sorts of stuff we don’t understand – about price curves, Phillips Curves, Phillips screw drivers and heavens knows what. But as far their stuff that any of us understand – The Road to Serfdom or Free to Be You and Me or whatever, they would be the first to say “Yes, we see so far. But we’re not even midgets standing on somebody’s shoulders. We’re head lice looking out from Adam Smith’s wig.”

http://www.frontpagemag.com/Articles/ReadArticle.asp?ID=26320

FYI

THE TROUBLED ECONOMICS OF AYN RAND

The founder of modern economics, Adam Smith, takes a different approach by trying to incorporate both concepts in his “system of natural liberty.” Smith and Rand are in agreement about the universal benefits of a free capitalistic society. But Smith rejects Rand’s vision of selfish independence. He teaches that there are two driving forces behind man’s actions–in his Theory of Moral Sentiments, he identifies the first as “sympathy” or “benevolence” toward others in society, while in his Wealth of Nations, he focuses on the second, “self interest,” the right to pursue one’s own business. Smith believes that as the market economy develops and individuals move away from their community, “self interest” becomes a more dominant force than “sympathy.” But both are essential to achieve “universal opulence.” (Smith 1965:11)

Perhaps a true capitalist spirit can best be summed up in the Christian commandment, “Love thy neighbor as thyself.” (Matthew 22:39) Adam Smith and Ludwig von Mises would undoubtedly agree with this creed, but apparently Howard Roark and John Galt — and their creator — would agree with only half. And that’s a great tragedy for the greatest novelist of the 20th century.

http://www.mskousen.com/Books/Articles/0101aynrand.html

We are land known for giving opportunity for all. I do not agree with affirmative action, but all should have equal access. Do you want a place where the rich only get educated? We would end up creating a larger under class which at the end would hurt our economy.

Price supports No Child Left Behind which is a give a way to large publishing Companies at the expense of schools. This big government program has been a failure by any standard. Yet he does not support helping kids borrow money to go to college. It makes no logical sense other than kids do not have lobbyist like publishing companies that can help Tom “for sale” Price.

CNN did a special feature about Tom Price and a Democrat from Las Vegas being bought off by lobbyist.

Maybe Congress should have called it the “Be More Like Tom Price” bill.

I don’t bow to everything Smith said. I’ve been influenced by Friedman, Rand and Hayek more than by Smith. I don’t even believe in public education.

I don’t agree with subsidies for big corporations or small business either.

I’m just saying that Price and others didn’t do anything wrong here.

Mad Dog,

I don’t know what you mean, but it’s a service and the bank should be able to charge for it.

Where does it say in the capitalism playbook that banks get to charge interest?

A student loan is not a give away. Because the student has to pay it back. They have very tight rules about the obligation. I look at this like SBA loans which have been a very successful program.

Tom Price voted for no bid contracts, unfair tax breaks targeted to multi-national corporations verse small business, highways to nowhere……and not an interest rate break for kids getting student loans?

BTW Adam Smith the father of free market economics was very supportive of Public Education.

Uhhhh, no it’s not capitalism. Capitalism is using the free market for these types of issues…not government.

What are you talking about is statism.