December 04, 2006
Wizard-of-Oz Diplomas

Read all about them in Arnold Kling's offering on education and entrepreneurship. I was especially pleased that Kling included accrediting agencies as one of the significant barriers to improving higher ed.

HT: George Leef

Posted by E. Frank Stephenson at 02:51 PM in Misc.

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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