From the genius of David Burge comes an enhancement to my modest proposal for gently deflating the higher education bubble: In the name of Consumer Protection, recent college graduates should have the ability to return the diploma and not make any reference to receiving education from the college in exchange for a 100% refund of [...]

In The Logic of Failure, Dietrich Dörner makes the following observation: In our political environment, it would seem, we are surrounded on all sides with good intentions. But the nurturing of good intentions is an utterly undemanding mental exercise, while drafting plans to realize those worthy goals is another matter. Moreover, it is far from [...]

Earlier I proposed the idea of repossessing credentials for students who default on student loans. This past week, an improvement to this proposal has come to light. The idea is described by  Michael Simkovi in an excellent Social Science Research Network paper titled “Risk Based Student Loans.” Without risk-based pricing of student loans, there may [...]

Constitution 101: The Meaning and History of the Constitution Hillsdale has an outstanding reputation for topics such as this. Topics for each of the 10 weeks: Introduction: The American Mind The Declaration of Independence The Problem of Majority Tyranny Separation of Powers: Preventing Tyranny Separation of Powers: Ensuring Good Government Religion, Morality, and Property Crisis [...]

“Ignorance of a law is no excuse,” a judge might admonish, “for having broken a law.” But apparently, ignorance of the contractual agreements one signs is an excuse for not fulfilling the terms of the contract. For those of us paying taxes, the various financial bailouts of the past several years have left us paying [...]