“The only way to undo this “vast blunder,” says Mr. Gilder, is to forgive student loans across the board and “extract the money from all the college endowments and funds that were used to just create useless departments and political campaigns.”
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“A generation ignorant, arrogant, and poor is a prescription for social volatility.”
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William Voegeli wrote an important book, Never Enough which I highly recommend. In National Review he writes Why the Liberal Elite Will Never Check Its Privilege It turns out that “social justice” amounts to noblesse oblige, simultaneously strengthening the obligations and
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From The New Republic, Don’t Send Your Kid to the Ivy League by William Deresiewicz The sign of the system’s alleged fairness is the set of policies that travel under the banner of “diversity.” And that diversity does indeed represent nothing less
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From The New Republic, Don’t Send Your Kid to the Ivy League by William Deresiewicz Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual
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from the Wall Street Journal, 4/6/13, Ben Casselman writes Number of the Week: Youth Unemployment at 22.9%? Excerpt: Perhaps no group has been hit harder by the recession and grinding recovery than the young. The official unemployment rate for those
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Jeff Jacoby writes The College Money Pit for the Boston Globe, 4/29/12. Excerpt: Year in, year out, Washington bestows tuition aid on students and their families. Year in, year out, the cost of tuition surges, galloping well ahead of inflation.
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If the concept of wealth is properly expanded to include human capital, not just homes and stocks, it is clear that total wealth has become far less concentrated and more widely dispersed than it used to be. Percentages of narrowly
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