I dunno, something about the analogy feels off. I don't see how you can set to the side government funding of education. The subsidies make tuition more expensive and the large number of foreign students (who have not paid taxes to contribute to the subsidies) make it much harder for American students to be accepted in selective schools. Seems like American taxpayers are getting a raw deal and much different than a (relatively) free bond market open to everyone.
Take away government funding and I'm with you, but if we are going to use US taxes to significantly fund universities, it doesn't seem unreasonable to try to reserve spots in those universities for US students.
You make a good point, but it's my understanding that a lot of foreign students pay full price for college, effectively subsidizing American students who get scholarships that otherwise wouldn't be financially feasible. The whole system is such a disaster that anything that breaks it is positive, in my opinion.
You are correct that on the margin foreign students paying full price does somewhat subsidize American students.
But this effect is dwarfed by the amount of federal money - including federal student loans - pushing UP the price of college.
I have great sympathy for T Coddington’s position, at least for the most elite schools, and definitely for the elite public universities. I was actually going to make a similar comment myself.
The other thing off about Bryan’s analogy is that the beneficiaries who are exporters here (of college education services) are the non-profit universities. You know, the ones who are getting all these taxpayer subsidies. Even “pure” protectionists - as Bryan is trying to caricaturize MAGA - aren’t for protecting everything domestic, but especially when the industry in question is in bed with the leftist elites in government.
Dude a foreign socialist jihadist just became mayor of nyc. I think we would have been a lot better off if him and his professor father had been denied entry.
Bryan: If you explained this in terms of ceding market control of hotel guest headcount (to make things more fair), country club membership numbers (to make things more equal) or, apartment unit rental rate value by government decree (to achieve demographic equity), he might reconsider.
I dunno, something about the analogy feels off. I don't see how you can set to the side government funding of education. The subsidies make tuition more expensive and the large number of foreign students (who have not paid taxes to contribute to the subsidies) make it much harder for American students to be accepted in selective schools. Seems like American taxpayers are getting a raw deal and much different than a (relatively) free bond market open to everyone.
Take away government funding and I'm with you, but if we are going to use US taxes to significantly fund universities, it doesn't seem unreasonable to try to reserve spots in those universities for US students.
You make a good point, but it's my understanding that a lot of foreign students pay full price for college, effectively subsidizing American students who get scholarships that otherwise wouldn't be financially feasible. The whole system is such a disaster that anything that breaks it is positive, in my opinion.
You are correct that on the margin foreign students paying full price does somewhat subsidize American students.
But this effect is dwarfed by the amount of federal money - including federal student loans - pushing UP the price of college.
I have great sympathy for T Coddington’s position, at least for the most elite schools, and definitely for the elite public universities. I was actually going to make a similar comment myself.
The other thing off about Bryan’s analogy is that the beneficiaries who are exporters here (of college education services) are the non-profit universities. You know, the ones who are getting all these taxpayer subsidies. Even “pure” protectionists - as Bryan is trying to caricaturize MAGA - aren’t for protecting everything domestic, but especially when the industry in question is in bed with the leftist elites in government.
>it would probably make the Liberation Day stock market crash look like a blip.
It was? VTSAX took exactly 1 month to recover everything lost on Apr 2?
Dude a foreign socialist jihadist just became mayor of nyc. I think we would have been a lot better off if him and his professor father had been denied entry.
Bryan: If you explained this in terms of ceding market control of hotel guest headcount (to make things more fair), country club membership numbers (to make things more equal) or, apartment unit rental rate value by government decree (to achieve demographic equity), he might reconsider.