Education

Given the loose standards and high default rates that plague the student loan machine, the federal government might as well just be handing out credit cards so everyone can buy more stuff with subsidized loans.

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.

The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.

Wealthy Hollywood types, being relentless and cynical social climbers, figured out years ago that college is mostly about social status and certification.

Besides national defense, no government-provided service enjoys as much exemption from scrutiny as the provision and subsidization of primary public education.

Lena Wang on the state of higher education in America.

Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy. 

The economist’s lot is to study a field in which, almost more than any other, human folly displays itself. 

Since public schools are funded through tax dollars, the schools don't really care if their safety measures are done in a way that treats students with the sort of respect paying customers would likely receive.