Tuesday, 01 November 2016 17:04

Free college tuition is not really free

“There ain’t no such thing as a free lunch.” This famous adage embodies the core economic principle that it is impossible for a man to get something for nothing. No resource is free because no resource is limitless.

If the government hands out cash to a so-called poor household, it’s free for that household but it’s not free for everyone else – Filipino taxpayers had to pay for that dole out. If a toothpaste company gives out free samples, it’s free to those are lucky enough to get one but it’s the consumer who ends up carrying the cost of that marketing gimmick. Nothing is free.
Published in Commentaries