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February 27, 2023
Subsidizing Higher Education Is Not Creating Widespread External Benefits
By Gary Galles
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.

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The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
By William L. Anderson
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

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