Moderation in Defense of Moderation

Cato's Neal McClusky ponders student loan reform: "How can you love an auction because it supposedly uses market forces, while simultaneously supporting the gargantuan market distortion that is the overall federal student aid system?" I feel like the answer has something to do with being neither a communist markets in some things nor a libertarian. Or maybe there is no middle ground. Consider, after all, the totalitarian implications of the federal school lunch program.

This article available online at:

http://www.theatlantic.com/politics/archive/2007/09/moderation-in-defense-of-moderation/46133/