Educational Spending: a Solyndra in the classroom

The immense, stunning waste of resources that our 'educational' 'institutions' have perpetrated on our society is an utter scandal.  Another way our glorious Federal state destroys our wealth and our children's futures.  Read the whole thing here.  From Forbes.

So, it appears that our massive “investments” in education have produced no measurable economic return. Should we be surprised by this? No. Average scores on standardized tests have not risen, despite the fact that we are “investing” seven times as much in real terms in each student than we did six decades ago. So, even by the measures used by the educational establishment, it is clear that the higher spending has not created any additional human capital.

The nation and its people would be much better off today if most of the additional “investment” in education that we have made over the past six decades had been used to create more nonresidential produced assets. GDP, real wages, and our standard of living would all be considerably higher.