It’s no secret that America’s 564 state and local public pension plans are in serious trouble. Joshua Rauh of Stanford’s Hoover Institution recently put the cumulative underfunding at $3.4 trillion. Less widely known is that the shape of a long-term cure for this deficit has already begun to emerge — along with the unexpected opportunity […]
Solve the Public Pension Crisis with School Choice Read More »
The argument for school choice—letting parents decide how to spend the public money allocated for their child’s education—has until now rested on two well-documented findings. First, that creating a K-12 education marketplace tends to improve the academic performance of all schools within its region, public and private. And second, that this increase in quality typically comes in
The Immorality of Public School Monopolies in Today’s Political Environment Read More »
Comparing today’s high school education to a 50-year-old mainframe computer, Microsoft Chairman Bill Gates once said that our schools were created “to meet the needs of another age.” He predicted that, until we reinvent them, “we will keep limiting – even ruining – the lives of millions of Americans every year.” Interestingly, this is
The Other Good Reason for School Choice Read More »
A recently released school reform study in New Jersey promises timely fiscal as well as educational benefits, and not just for the Garden State. Some quick background helps us appreciate the study’s nationwide implications. In 2011, Arizona became the first state to adopt what is called an education savings account, or ESA, policy. ESA plans
When Public Funding for Religious Schools Is a Government Windfall Read More »