College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.
Alex TabarrokA bet is a tax on bullshit; and it is a just tax, tribute paid by the bullshitters to those with genuine knowledge.
Alex TabarrokMore retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
Alex TabarrokCapitalists work hard to produce what consumers want. Artists who work too hard to produce what consumers want are often accused of selling out. Thus, even the languages of capitalism and art conflict: a firm that has 'sold out' has succeeded, but an artist that has 'sold out' has failed.
Alex Tabarrok