John Stossel wrote an excellent article at TownHall.com about school vouchers.
One exciting thing about the free market is that you can’t predict what the market will create. Big-government advocates tell you exactly what will happen when their plans work (as if they actually would work!), but we who trust the free market can only say that people will compete and good ideas will win. We don’t set out to make all your choices for you, and, not being psychic, we can’t predict what decisions you’ll make.
Take education. Bureaucrats like to say, you will go to this school, because we said so, and you will be taught according to this program, because we said so and we know best. Those of us with confidence in markets think you could do better deciding for yourself. Neither the bureaucrats nor the freedom lovers can judge what’s in your interest better than you can. One big difference is, we know what we don’t know, while they think they know everything.
We do know that competition works. It works because it gives people the chance to be creative. Educational experts, freed from the massive regulations that snarl the public schools, can come up with new and better ideas for teaching. Competition works because it gives people incentives to produce — it inspires them to work constantly at trying to find better ways to please their customers. The bad producers lose their jobs — but the best ones gain new customers. Bad schools will close and better schools will open.
What are you waiting for? Go read the whole thing!