On Monday, President Obama remarked, “The best economic policy is one that produces more college graduates.” Ira Stoll disagrees,
It seems to me that president is wrong, and that the best economic policy is not one that “produces more college graduates,” but one that produces more entrepreneurs. If producing a high proportion of college graduates were the secret to economic success, Belgium would be the world’s economic powerhouse. Making college completion rates a priority does funnel taxpayer money to college professors, a reliable Democratic constituency. But as economic policy, it strikes me as at best questionable.
Shazam!
