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Tag Archives: Education

Freeman Essay #26: “Lessons from Homeschooling”

In this September 1998 Freeman essay, I drew an economic lesson from the growth of homeschooling – a lesson about the poor performance of government schooling.  My essay is below the fold. The June 28, 1998, New York Times reported that 56 percent of Massachusetts’ up-and-coming teachers failed their basic test in reading and writing. This result means that well over half of Massachusetts’ freshly minted college graduates with degrees in education cannot competently read and write. Can...

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The Dumbing Down Of America: “The Numbers Speak Volumes”

Authored by Mac Slavo via SHTFplan.com, Almost everyone can see that the dumbing down of America is in full effect.  A video breakdown of a Psychology Today piece from 2014 which details the anti-intellectualism most of us have already experienced in some way. According to Signs of the Times, there has been a long tradition of anti-intellectualism in America, unlike most other Western countries. Richard Hofstadter, who won a Pulitzer Prize in 1964 for his book, Anti-Intellectualism In...

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Average Duration of Unemployment

Here’s another good one: Wait wait, don’t tell me guys: This is actually a sign of progress, because when people got laid off in the late 2000s, they could amuse themselves quite cheaply by playing the free version of Angry Birds. (In case you are baffled by my comment: People in the comments of my previous posts have been telling me I’m crazy for thinking anything is wrong with the labor market.)

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Vampires, Zombies, And ‘Hooking-Up’: 37 Examples Of Real College Courses That Are Almost Too Crazy To Believe

Authored by Michael Snyder via The American Dream blog, You just can’t make this stuff up.  All over America we push our young people to get good grades so that they can get “a college education”, but then once they get through college many of our young people are completely unequipped to deal with the real world.  Personally, I spent eight years at public universities, and I can tell you that the quality of education that our college students are receiving is a complete joke.  Especially...

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Assessing the Labor Market

Check out the chart below. I am forming my own views but I’m curious to get reactions from you folks. I think it is extremely misleading to simply use the unemployment rate as an indicator for the health of the labor market. Note that the civilian-employment ratio is (obviously) not the same thing as the civilian labor force participation rate. What do you make of the US labor market since 2000, compared to the earlier pattern?

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Here’s How Much Retirees Are Spending To Support Their Adult Kids

At one point in time in America, living at home with mom and dad after crossing out of your teenage years and into your 20s was embarrassing and something that was generally avoided at all costs.  And while hard times come and go, 20-somethings who were forced back into their parents' care worked their tails off until they could save up enough money to once again regain their freedom. But, these days millennials seem to be embracing the free room and board provided by their parents. ...

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Some Links

George Leef asks if baking cakes and arranging flowers raise First-amendment issues. Also from George Leef is this report on yet another ugly manifestation of the banana-republic practice of civil asset forfeiture. George Selgin discusses Janet Yellen’s defense of interest on reserves. My intrepid Mercatus Center colleague Veronique de Rugy again writes compellingly about tax reform. My GMU Econ colleague Bryan Caplan reads Ronald Reagan’s Farewell U.S. Presidential address. Also from...

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Professor Offers Extra Credit To Students Who “Rally Against The GOP Tax Bill”

Authored by Anthony Gockowski via Campus Reform blog, At least one Kutztown University professor offered students extra credit Tuesday to participate in a rally against the GOP tax plan. “Please join your faculty as we rally against the GOP Tax Bill that has serious implications to you and on Higher Education. This is an opportunity to gain additional extra credit,” the email states, with a bolded subject line of “Additional Extra Credit Opportunity!” While the email was initially drafted by...

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Quotation of the Day…

… is from page 59 of UCLA emeritus economist William Allen’s 1989 superb collection of the transcripts of his radio addresses, The Midnight Economist; specifically, it’s from Allen’s September 1988 address “Quality, Diversity, and the University” (original emphases): Great diversity is inherent in a university.  The very word – university – suggests a fruitful bringing together of diverse elements and activities.  But the latest cause of campus agitators is for still more diversity. The...

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Oxford University To Issue £250 Million Ultra Long 100-Year Bond

Individual Oxford colleges – there are thirty-eight altogether - have issued bonds in the past, but this will be a first for the ancient University as a whole. Timed to perfection for its upcoming bond issue, Moody’s today assigned a “AAA” credit rating, with a stable outlook, to the 900-year old institution. According to Moody’s, "The Aaa issuer rating assigned to Oxford reflects its extraordinary market position as one of the world's elite universities, ensuring consistent student demand...

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