first, define "crap money". Professors work 8-9 months out of the year. for most, their jobs are protected (tenure), which doesn't exist in the real world. Lets

first, define "crap money". Professors work 8-9 months out of the year. for most, their jobs are protected (tenure), which doesn't exist in the real world. Lets not even get into the educational closed-loop many exist in. (3rd-Century Romanian literature will always be 3rd-Century Romanian Lit.) The problem with education has everything to do with the money the schools have, how they get it and what they do with it - including pay for professors and janitors alike. When the Gov't started giving out 'free money' for student loans, the cost of education went up. why? not because the staff is virtuous and the presidents are moral stalwarts. Its because everyone wants a new car and a flat screen, 4k TV. http://www.nber.org/chapters/c13711.pdf http://www.nber.org/chapters/c13711.pdf I mentioned the MIC because you brought up politics and class differences re: the FACT that education is a business model. like anything else, it is led around by it nose (money). While I can not say that its the best model, i can say I'm not going to pay for someone's X-year degree(s) in 3rd-Century Romanian literature - nor should I be forced to - that is the very opposite of Liberty. Harvard has a $36 BILLION endowment and yet the costs keep going up. WHY? Education SHOULD be one of those things we look up to in society, but unless there is better motivating factor to do so, it will not happen. But then, who says formal education is the ONLY way to get educated? http://www.usnews.com/education/best-colleges/the-short-list-college/articles/2015/10/06/10-universities-with-the-largest-endowments http://www.usnews.com/education/best-colleges/the-short-list... http://money.cnn.com/2016/01/27/pf/college/largest-college-endowments/ http://money.cnn.com/2016/01/27/pf/college/largest-college-e...