Saturday, February 26, 2005

Donald Trump vs. The Mandarins by Gary North: "The problem: Our political representatives have accepted the self-serving opinion of institutionally self-certified academics in non-profit institutions, namely, that this special-interest group has the moral right to determine who gets certified academically and who doesn’t. Legislators have granted them this legal right by way of college-accrediting agencies, which then determine what constitutes a legal degree-granting institution.

The solution: The free market. What saves us from complete control by these mostly tax-funded, Ph.D.-holding bureaucrats and their certified disciples is the right of consumers to spend their money almost any way they please. Consumers, in paying for what they want, irrespective of the educational background of producers, keep the flow of funds flowing to street-smart entrepreneurs."

(Via Lew Rockwell.)