Sunday, January 29, 2012
debt-financed kindergarten
Should primary education be financed the same way that we finance college? College finance is nowhere near a privatized free-market because the government guarantees and subsidizes the loans, but compared to the socialism of kindergarten, college is much more free-market. Do some NPV calculations to try to assess the value of K-12 education. And do some calculations to see what the debt burden would be for kids graduating from high school with a debt-financed education.
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