Alex Tabarrok Quotes
Our obsessive focus on college schooling has blinded us to basic truths. College is a place, not a magic formula. It matters what subjects students study, and subsidies should focus on the subjects that matter the most - not to the students, but to everyone else.
Tabarrok, Alex. Launching the Innovation Renaissance: A New Path to Bring Smart Ideas to Market Fast. TED Books, 2011.
Commenting on the GI Bill of Rights when FDR signed it:
Romney, the Republican Presidential Candidate, was advocating budgets to cut the Federal expenditures for Collage Student Grants and Loans.
The latter years of the 20th century saw a large increase in the number of proprietary, profit making colleges and other institutions of higher education. These were able to utilize the Federal student loan programs. However, many were fraudulent rip-offs. Most were unaccredited. The average proprietary school obtained more federal student loan money per student than non-profit schools, and did not train their students as well. A smaller percentage of their students get their degrees and find jobs. When they do obtain employment they make less money. Congressional pressure, induced by heavy lobbying, stopped Department of Education efforts to make schools with poor graduation or employment rates ineligible for use of Student Loan Programs.
Alexander Taghi Tabarrok is a Canadian-American economist. With Tyler Cowen, he co-authors the economics blog Marginal Revolution. Tabarrok and Cowen have also ventured into online education with Marginal Revolution University.