August 20, 2012

Lawrence Summers defends convincingly voucher programs in health and education

Sir, in “The US state will expand no matter the election result”, August 20, Lawrence Summers writes: 

“Increases in the price of what the federal government buys relative to what the private sector buys will inevitably increase the cost of state involvement in the economy. Since the early 1980s the price of hospital care and higher education has risen fivefold relative to the price of cars and clothing and more than 100-fold relative to the price of televisions.” 

Even when netting out of the technological advance’s impact on costs, it would seem that the above constitutes an extremely spirited defense of vouchers programs.