Day: May 23, 2013

Crony Capitalism at the Department of Education

My colleague Richard Vedder once described former Undersecretary of the Department of Education Robert Shireman as “the only guy I ever met whose very appointment to public office destroyed hundreds of millions of dollars in wealth.” Of course, Vedder was referring to the rapid devaluation of publicly traded higher education firms’ stock prices that followed Shireman’s […]

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How Elite Colleges Drive Income Inequality

In the last few months, there’s been a flurry of articles in the mainstream press acknowledging the same problem: a paucity of high-achieving, low-income students at elite colleges. “Better Colleges Failing to Lure Talented Poor,” says the New York Times. ABC tells us “Colleges Struggle to Connect With High-Achieving Poor Students.” Likewise, NPR is concerned […]

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