Friday, November 13, 2015

Bernie Sanders's Plan to Fix College Is Worse than Nothing

FEE reports:
Higher education possess no unique characteristic that prevents it from improving and adapting as every other industry regularly does. But incentives matter, and the market incentives that drive competitive innovation in other industries are heavily distorted in the college and university system.

For starters, under the Higher Education Act signed into law by Lyndon B. Johnson in 1965, universities and colleges gained a de facto monopoly on higher education.
The restraint of trade.