The Danger Assessment-Why Higher Education is a Waste of Time

Bryan Caplan, PhD is Professor of Economics at George Mason University, blogger for EconLog, author of The Case against Education: Why the Education System Is a Waste of Time and Money. Although it is immensely popular--and immensely lucrative--Dr. Caplan believes that higher education is grossly overrated. He said that decades of growing access to education have not resulted in better jobs for the average worker, but instead in runaway credential inflation. He is in favor of serious cuts in government education funding to curb this wasteful rat race, along with a renewed emphasis on vocational education.