Quote by: Glenn Reynolds

The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.

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Author Bio

  • NameGlenn Reynolds
  • DescriptionProfessor, writer, blogger
  • Born1960
  • CountryUnited States Of America
  • ProfessionProfessor