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" "Mussolini wasn’t just another socialist; he was the Lenin of Italy – the leader of the hard-line revolutionary faction. And Mussolini wasn’t just a “newspaperman”; he was the editor of Avanti!, the official newspaper of the Socialist Party.
Bryan Caplan (born April 8, 1971) is a libertarian George Mason University professor of economics.
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Personally, then I have no reason to lash out at the education system. Quite the contrary. Yet a lifetime of experience, plus a quarter century of reading and reflection, convince me that our education system is big waste of time and money. Almost every politician vows to spend more on education. As an insider, I can't help gasping, "Why? You want to waste even more?"
Magic isn't real. There has to be a logical reason explanation for the effect of Ivory Tower achievement on Real World success. And here it is: despite the chasm between what students learn and what workers do, academic success is a strong signal of worker productivity. The labor market doesn't pay you for the useless subjects you master; it pays for preexisting traits you reveal by mastering them.