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College And The Free Market

Source: Forbes Posted By: ron M...3359 days ago

In his February 2009 address to a joint session of Congress, President Barack Obama addressed what he called "the urgent need to expand the promise of education in America," promising that by 2020, the U.S. will have the highest proportion of college graduates in the world.

It's a noble idea. But the numbers are daunting. To reach this goal, we will have to grant more than 450,000 additional degrees each year over the course of the next decade--which will cost, according to my estimate, roughly....

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