Posts tagged ‘o1ivyhCHpGw’

The Academy and Other People’s Money (OPM)

[N]ow is probably a good time to reprint – and expand – the list of empirical studies that have, in one way or another, found that schools in large part capture aid money rather than becoming more affordable. The list probably isn’t exhaustive, and there are many limitations that make it impossible to prove that aid fuels inflation, but combined with the logic that you’ll willingly pay more if you have someone else’s money, these studies show that there is very good reason to conclude that aid is counterproductive:

Yes, Aid Fuels Tuition Inflation

Continue reading ‘The Academy and Other People’s Money (OPM)’ »

Tags: , , , , , , ,

Markers of Success, Cargo Cults, Statolatry

Fresh guacamole is certainly a marker of success:

And now, on to cargo cults!

Cargo cult: a religious practice that has appeared in many traditional pre-industrial tribal societies in the wake of interaction with technologically advanced cultures. The cults focus on obtaining the material wealth (the “cargo”) of the advanced culture through magic and religious rituals and practices. This same magical thinking is evident in modern cargo cults found in welfare states where it commonly manifests as statolatry, celebrity “wisdom,” higher ed credentialism, doublespeak, increased centralization, prohibition, crony capitalism, nannyism, denigration of the individual and individual liberty, and a sycophantic press.
Continue reading ‘Markers of Success, Cargo Cults, Statolatry’ »

Tags: , , , , , , , , , , , ,