Friday, February 24, 2012

Insufficient Graft

Instapundit » Blog Archive » HIGHER EDUCATION BUBBLE UPDATE: Supersizing Higher Education Is Not The Answer: Wood demonstrate…: "What truly correlates with economic success is not how many people get college credentials, but the degree of economic freedom in a country. Hong Kong isn’t prosperous because a large percentage of its citizens get college degrees. It’s prosperous because the government doesn’t meddle in the economy. In the Index of Economic Freedom, Hong Kong has been No. 1 for a long time. In that same index, the U.S. has been falling for years, and is now No. 10.

Too bad that Obama isn’t determined to elevate the U.S. to No. 1 in that respect.
The trouble with economic freedom is that it yields insufficient graft.

Posted by Glenn Reynolds at 6:21 pm"