All Posts Tagged With: "college degree"

Why on Earth Do We Have a Student Loan Crisis?

Amid all our other crises, you may have missed the student loan crisis. It isn’t nearly so life-threatening as global warming, nor as financially alarming as the subprime-mortgage collapse, but it does have a lot of politicians clamoring that the country needs them to prevent serious harm. That’s because—for reasons I’ll get to soon—many of [...]

1Nov2008 | George C. Leef | 6 comments | Continued

The More College Graduates the Better?

Many people assume the country would be better off with more college graduates. It seems reasonable if not completely obvious. Nations where few people have much formal education tend to be poor, while nations where a lot of people have college and postgraduate degrees are generally quite wealthy. And within the United States it is [...]

1Jan2007 | George C. Leef | 24 comments | Continued

Intervention Explains Economic Success?

On the first day of an introductory statistics class a student is likely to learn the maxim “correlation isn’t causation.” Simply put, the correlation (a statistical relationship) between two variables doesn’t mean that one caused the other. That the sun rises when roosters crow does not mean that roosters cause the sun to rise. To [...]

1Jun2005 | Jude Blanchette | 5 comments | Continued

Inflation: Monetary and Educational

Thanks mainly to the Austrian economists, especially Ludwig von Mises, monetary inflation is a phenomenon that is well understood. When the state overproduces money, certain consequences necessarily ensue. The supply of money is not, however, the only thing that government inflates, or overproduces. Something else it has inflated is the production of educational credentials, college [...]

1May2005 | George C. Leef | 2 comments | Continued

No More Subsidies for Higher Education

One of the most durable American shibboleths is that the more formal schooling young people get, the better off society will be. President Clinton, for example, proposed that we have a universal K-14 system, which would mean that the state would no longer be content with keeping children in school through high school, but that [...]

1Jul2002 | George C. Leef | 0 comments | Continued

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