If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.

Anything that government can do, private enterprise can do for half the cost.

If freedom were not so economically efficient it certainly wouldn't stand a chance.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.

The Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931 at the latest had it not been that the Federal Reserve followed a policy which led to bank failures, widespread bank failures, and led to a reduction in the quantity of money.

If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.