Would Lower Tuition or Lower Student Debt Improve the Economy?
Short answer: not really, no. But judging by this Chronicle Herald article last week entitled “Eliminating Tuition Fees would Buoy Bluenose Economy“, bad ideas die hard. So let’s think this one through. As I wrote back here, there are basically four ways to lower tuition or reduce student debt. Government can raise taxes to pay for it, borrow to pay for it, re-allocate spending to pay for it, or reduce the cost of educational provision (i.e., cut spending on equipment and salaries). If you