Raghu writes: On Wed, Oct 12, 2011 at 2:52 PM, David Shemano <[email protected]> wrote: > Can we agree that these for-profit scams, consuming 25% of federal aid > dollars, exist precisely because the government is tossing buckets of > money at education, thereby drawing in the scam artists?
"I do not agree with this at all. The for-profits exist because of corruption in the Education Department. Not because the government is generically "tossing buckets of money at education"." That is the difference between you and me. I see consequences, and I look for rules and incentives to see the causation. You, on the other hand, look at the quality of individual people in institutions (i.e., if we had better regulators, the consequences would be different). Similarly, with the housing bubble, I look to the rules and incentives, and you look for bad conduct of individuals. As you agreed with me on Jobs as an actor in history, you do have a certain consistency. David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
