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Sunday, May 12, 2024
HomePosts Tagged "reform proposal" (Page 1038)

This paper is one of three in a series on higher education costs. The series also includes “Addressing the declining productivity of higher education using cost-effectiveness analysis” and “Public policies, prices, and productivity in American higher education.”

How to contain the cost of colleges and universities is attracting much attention in higher education policy circles. The reasons for the attention are not hard to fathom. Students and parents labor under ever-rising tuition rates. Schools feel they must spend more in real terms to build or protect their brand, by boosting faculty research and scholarship, enhancing the student experience, and so on. And to round out the perfect storm, most states are curbing higher education appropriations because of rising budget pressures.

Advocates of central bank reform must examine why central banks emerged and what forces sustain them. They did not arise in an institutional vacuum, and will not be reformed in an institutional vacuum. The historical origins of central banks explain how they came into existence. The forces sustaining and feeding their growth may differ from those explaining their origin.

Plans to abolish central banks constitute an extreme reform. It is doubtful that such plans can succeed without broader institutional change, occurring either first or simultaneously. That is likely true regardless of the strength of evidence on central bank performance. I examine these issues in what follows.

Millions of Americans are struggling and economic disparity is growing. The false promise of “fairness” has not, and never will, deliver on the its promises; nor will the politicians who profess them. The Bureau of Labor Statistics jobs reports for 2013, have demonstrated this disparity, as the only private sector jobs come from wealthy positions, and service positions who take care of the wealthy. Don’t take my word for it – read the reports for yourselves below. The American manufacturing sector is on life support, and with it, the millions of Americans who make up – or did make up – middle class America.

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