Peter Schiff on why government intervention causes high college tuition prices

Peter talks to Harvard students about why tuition prices have spiraled out of control. Please go to schiff4senate.com and donate to Peter's run for Senate in CT. We need a voice of reason in Washington! If you liked this video check out my channel for other related videos.

Category:

News & Politics

Tags:

• peter schiff
• college
• tuition
• students
• prices
• ron paul
• connecticut
• austrian
• fed
• economics
• school
• university

[ENGUNI]

Come on Petegovernment intervention causes higher tuition Basic economics tells us the more you pay for your tuition the more money you will earn with that degree. I moved from the US to Sweden, universities are free here and when you graduate you get paid dick. Schiff wrote a good book, lucky bastard I would say as he had been a doomsayer for YEARS. I just hope the people at Harvard recognize he is ignorant.

[norfair18]

You get paid dick because you live in Sweden and it's a socialist pansy nation. Most of your earnings go to pay your income tax. Your example uses (inaccurate) empirical evidence, not theory. Just the simple fact of paying more for your tuition gets you more future earnings with that degree?? Well then sign me up for the college that charges $1 million tuition a year!

[madmack69]

College costs are artificially inflated due to easy credit and government backed loans. Bachelors degrees have become worthless. People come out of school with tens of thousands of dollars of debt and can't find jobs any better than they could get out of highschool. When they default on their loans and Uncle Sam has to pay for the loans they guaranteed, they will quit backing student loans and the bottom will fall out of tuition costs just like the housing market.

I think Schiff is right on.

[NendGuy]

Who cares about education? I thought that the reason for a university was to have a second football leage that had players you do not have to pay.

[eumwalls]

This is why I quit school. The final straw: I had a Polish professor trying to teach linear algebra at Auburn U. He handed 7 tests to a row of 6, and could not understand "one test too many". And he's supposed to teach me lin alg? Either Auburn is being rewarded for diversifying its faculty or they can pay him much less than Americans and he still makes much more than he would in Poland (or both). Without govt "help", he would not have been there wasting my money/time, teaching jackshit.

[chowtimer]

This is great - he's saying "Colleges will gorge themselves on all the money they can get - blame the government!".

He's also ignoring that in order for these colleges to learn a lesson, it would require a full generation of students opting out of quality colleges entirely.

[grab1piece]

Harvard is not good at technology? can not get rid of the recording noises?

[BeaveHolio]

@edisonoside

Of course lets pay for everyone's liberal arts degree for a truly enlightened society.

[BeaveHolio]

@shaithis45

There is nothing wrong with employing people in other countries, they make less but they are far better off working than not working.

[BeaveHolio]

@isoke85

There were practically only white men in the country, its like going to japan and complaining everyone in college is asian.

[BeaveHolio]

@getnbusy2nite

People want more from their school precisely because they get these loans, they get these huge loans and don't care how they spend the money so university becomes about parties and not about getting a future.

[MrDpsummers]

@norfair18 Agreed. lol

[SuperGuitarman69]

@norfair18 Absolute brilliant reply my friend to ENGUNI