Bret Devereaux

So I am not sure that this is entirely a story of the market coasting on the laurels of state investment - all of that tuition money did go into to building a *lot* of world-class research universities. But obviously the system is no longer working great. 12/25

There I suggest some solutions to try to put the university system on a firmer footing without giving up the resource and flexibility advantages that marketization have supplied. Namely: 1) Governments (fed/state) need to recognize that it is in their interest... 14/25

...to sustain these institutions for the economic and state dynamism they create. They should eschew trying to control curricula (trust students to smell bullshit and seek out hard knowledge), but instead channel funding to instructional budgets so the public gets... 15/25

...the thing it is paying for, which is useful, highly educated people to do all sorts of things (some jobs, some not) in our society that improve conditions in the long run. 2) Then cap tuition, at least for in-state students, otherwise you'll lose talent that can't pay. 16/25

Which would defeat (1). I want to add two more things. 3) It benefits us to have world-class research institutions, but generational transitions means we're going to have fewer students. Good news: the world is full of students who want to come here to learn. 17/25

Let them, in far greater numbers. Obviously public state schools need to keep seats open for residents of their state, but overall expanding the number of international students is a big plus: their tuition dollars can provide the revenue to employ more faculty... 18/25

...while we benefit from the advantages of having all of that world-class research happening here rather than somewhere else or not at all. I see no good reason, given that we've built all of the infrastructure, not to make higher education a major American export. 19/25