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Modern Democracy

Summary:
Here’s a letter to MarketWatch: Editor: Your story today headlined “Senators Elizabeth Warren and Chuck Schumer say U.S. should immediately cancel ,000 in student loans for millions of borrowers” reaffirmed this realization: Modern democracy is a political system under which it is both a serious crime and an atrocious ethical offense for politicians to attempt to buy votes with their own money, but under which it is not only legal, but in the eyes of many saintly, for politicians to attempt to buy votes with other people’s money. Sincerely,Donald J. BoudreauxProfessor of EconomicsandMartha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus CenterGeorge Mason UniversityFairfax, VA 22030 Comments

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Here’s a letter to MarketWatch:

Editor:

Your story today headlined “Senators Elizabeth Warren and Chuck Schumer say U.S. should immediately cancel $50,000 in student loans for millions of borrowers” reaffirmed this realization: Modern democracy is a political system under which it is both a serious crime and an atrocious ethical offense for politicians to attempt to buy votes with their own money, but under which it is not only legal, but in the eyes of many saintly, for politicians to attempt to buy votes with other people’s money.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030

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Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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