Monday, June 22, 2009

Education

Headline from Drudge: California crisis threatens to devastate school system...

You mean government education can be worse!? Who knew...

Seriously, I've thought for awhile that we should just cut education spending in half and see what happens. Everyone assumes that outcomes would worsen. I doubt they would be 50% worse. Nonetheless, it would tell us something about almost 3% of GDP and the marginal utility of education funding.

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