Education

The Khan Academy exposes the false theory behind licensing teachers.

"This is the classic example of how universities work. People who teach in MBA programs have never owned businesses. People who teach psychology have never worked as full-time psychologists. Professors get themselves licensed by their own group, few of whom have had any experience in the free market, where profit and loss determine who survives and who fails. Then, having created a state-mandated barrier to entry, they earn above-market wages paid by taxpayers. This starts at the university level, and then it moves down to the very lowest levels of the educational system."

This is great news.