It's a bad thing but one reason is maybe that Universities would not want 
to be compared to each other in terms of test scores. Tests are hardcore 
evidences of which school is good and which school is not.

At 09:00 AM 4/9/2002 -0700, you wrote:

>It seems to me that an effective remedy to grade inflation would be
>standardized exams on the subjects taught, prior to graduation.  There would
>be, for example, a standard exam for econ majors, similar to what is done in
>grad schools.  If many universities used the same exams, then that would
>serve as a signal of knowledge, and also reveal the grade differential
>relative to test results.  That, of course, is why such exams are not being
>implemented.
>
>Fred Foldvary
>
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