Texans understand that hurricanes are an inevitable hazard along the Gulf Coast. However, subsidizing that risk has left Texas taxpayers on the hook for billions of dollars and the state as a whole unprepared for the next big one.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...