Other than my affection for the Georgia Bulldogs, I’m not a big fan of higher education.
Colleges and universities are hotbeds of political correctness, but that’s actually a minor issue.
The big problem is that higher education consumes a huge amount of resources and provides inadequate value.
In these two videos, Richard Vedder documents staggering levels of inefficiency.
And here’s another portion of Rich’s remarks, given at the Pope Center in North Carolina.
A big problem in higher education is the existence of third-party payer, which is also what’s screwing up the healthcare system. More on that issue – as it relates to higher education – later this week.
P.S. Rich also is a co-author of an article for the Cato Policy Report documenting how spending cuts helped restore growth after World War II.