Wednesday, December 02, 2009

Links for 12/02/09

Our new study poses a conundrum: in a professional market (for economists), having more scholars pay attention to your research raises your reputation and your salary. Conditional on that attention, though, writing more papers lowers your reputation — but it raises your salary!
Andrew J. Coulson
A report released today by the federal government’s non-partisan General Accounting Office finds deficits in the Department of Education’s financial and program oversight. According to the GAO, “These shortcomings can lead to weaknesses in program implementation that ultimately result in failure to effectively serve the students, parents, teachers, and administrators those programs were designed to help.”

The GAO’s findings are consistent with the longstanding pattern: for forty years, Americans have steadily increased spending on public schools without any resulting improvement in student performance...
Project on Student Debt
average debt for graduating seniors with loans rose from $18,650 in 2004 to $23,200 in 2008, or about six percent per year
This is how the education industrial complex keeps us buying into the system. They shame us. They layer on the guilt. And for what? So they can get us to buy into their lifetime of debt.

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