That's like mistaking roads for truck engines. Give me one example of univs doing long term work in extended weak economy.
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AI research over the last 50 years, DNA research for the 2nd half of 20th C, study of electricity in 17th and 18th Cs, etc. etc.
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All fueled by strong economies. Plus massive amounts of crap as well.
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All fields that went decades without any economic benefit. What other entity other than non-profit or government would pursue that?
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Ones we would be forced to invent once we recognize we need to and stop clinging to sacred cows
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By all means invent a better milk producer than the sacred cow. So far all the other alternatives give as much milk as a rock.
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Cherrypick and attribute credit as artistically as you like, we continue to talk past each other as we have for years now :)
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I just don’t know what you’re proposing. I hear the critique of universities and I see its consequences. But don’t see the alternatives
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Gave you one. Index interest rates to job prospects. Didn't say burn the univs. Just add feedback signal to counter moral hazard
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How do you measure “job prospects”? Particularly over the 30-40 year career of a college age student…
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PID controller using time series of job histories of previous grads to drive very basic feed forward compensation. Like bonds

