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Sunday, December 4, 2016

How Art History Majors Power The U.S. Economy

Jan. 6 (Bloomberg) — There’s nothing like a bunch of unemployed recent college graduates to bring out the central planner in parent-aged pundits.

In a recent column for Real Clear Markets, Bill Frezza of the Competitive Enterprise Institute lauded the Chinese government’s policy of cutting financing for any educational program for which 60 percent of graduates can’t find work within two years. His assumption is that, because of government education subsidies, the U.S. is full of liberal-arts programs that couldn’t meet that test.

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