Rubber stamped degrees

This Mark Perry Carpe Diem post supports my claim that the meaning of having a college degree has changed from sorting out the self-starters to rubber-stamping the rule followers.

Perry’s subtitle says it all, Letter Grade of A Now Most Common College Grade.

Of course, an alternative explanation is that students are just so much smarter nowadays.

Incentives matter

Here’s a nice paragraph from Arthur Laffer’s opinion piece in the Wall Street Journal today:

Government taxes cigarettes to stop people from smoking, not to get them to smoke. Government fines speeders so they won’t speed, not to encourage them to drive faster. And yet contrary to common sense, it seems perfectly natural to some people that government would tax people who work or companies that are successful only to give that money to people who don’t work and to bail out losing companies. The thought never crosses their minds that these policies are the very reason why our economy is in such bad shape.

Incentives matter

Yesterday, the local grocery store was selling ketchup bottles for $0.49 each, limit 1 per customer.

Five of us stopped by the grocery store.  Four of us bought one ketchup bottle.  One of us bought two bottles by going through the line twice.

I don’t even care for ketchup.