The argument that vouchers would harm schools by draining their money is logically equivalent to claiming that allowing foreign cars to be sold harms American automakers—true holding everything constant, but missing that competition forces incumbents to improve quality; taken to extreme, it would absurdly imply one monopoly car company (or one school provider) makes the best product, when in fact a monopoly with all the money has little incentive to be good.

causalpending

Speaker

Russ Roberts

Evidence Quote

if there's only one car company I'm have much of incentive to make a good car you may have lots of money

Source

Eric Hanushek on Education and School Finance 07/14/2008EconTalk
Created: 6/17/2026, 10:14:22 AM

My Notes

Loading notes...