The Education Bubble, Part I

For most of the life of the United States of America one of the biggest dreams was that the next generation would exceed what their parents had achieved. Horatio Alger, “any boy can grow up to be president,” “I want my children to have a better education than I did…” Generation after generation did see increases in terms of better lives, more creature comforts, and the thriving of the Protestant Ethic. The slow, agonizing death of that dream began in 1913 with the establishment of the Fed. It
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