Pursuing life, liberty & happiness must be accomplished by individuals, and can’t be granted to us by bureaucrats or gov’t programs.
Milton Friedman understood this and trumpeted this message throughout his life.
Welcome to another edition of Friday’s Philosophical Foray Beyond Healthcare brought to you by the Sovereign Patient blog.
Professor Peterson discusses the implications of the genetic lottery, hard work, success, competence hierarchies, merit and fairness as determinants of social stability in a post-industrial age.
“This data clearly shows that dumping more money into education doesn’t work.
So perhaps the problem is the way the money is getting spent, not the amount.
That’s why the moral of the story is that we need to break up government school monopolies and harness the power of the market by giving parents and students genuine school choice. For what it’s worth, there’s strong evidence that choice produces good outcomes in the limited instances where it is allowed in the United States.
P.S. There’s also strong evidence for school choice from nations such as Sweden, Chile, and the Netherlands.” -Dan Mitchell
Indeed, I would argue that this chart is the most powerful image I’ve ever seen. More and more money gets plowed into the system (even after adjusting for inflation!), but the only effect is that school systems hired more bureaucrats.
There hasn’t been any positive impact on student test scores.
Politicians periodically admit there is a problem, but their solutions – such as Bush’s no-bureaucrat-left-behind scheme and Obama’s common-core boondoggle – simply squander money and rearrange the deck chairs on the Titanic.
Let’s examine whether this pattern is true in other nations. I already shared some research showing that big…
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The Washington Post reports on some new research to see how America’s young adults rank compared to their peers in other nations.
The results aren’t encouraging.