RANT: Education ROI

http://www.ricedelman.com/cs/pressroom/pressroom_detail?pressrelease.id=2443

Sending Your Kid Off to College?
For Immediate Release
June 18, 2011
Calculate the return on your investment before picking a school

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If your daughter wants to major in education at Brown University, she needs to know that the mid-career median pay for people with a degree in education is $54,900, according to PayScale.com — just $2,570 more than one year of tuition, fees, and room and board at Brown. With a starting salary of $35,100, she’ll have to work more than six years just to make back the $220,000 she’s likely to spend on that education, not to mention the income she lost while pursuing her education.

Compare that with a major in chemical engineering at Brown. The starting salary is $64,800 and the midcareer median pay is $108,000. It will take about 3.5 years of work to equal the cost of tuition. By comparison, Penn State’s degree costs $160,000 and thus takes fewer than 2.5 years of work. When you do the math with your child, you both may avoid overspending on a degree.

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ROI on college has to be shopped for. My alma mater, Manhattan College (http://manhattan.edu) is in the top 100 on any list I’ve seen. Never seen it higher than #13. As with most stats, the devil is in the details. The children are going to have hard lives. imho. And, also imho, the Gooferment Skrules are not giving them the dikw (i.e., data, information, knowledge, wisdom) or the sppe (i.e., skills, policies, procedures, experiences) to succeed in the future. I bet that most parents have bigger problems on their minds. Unfortunately, if the parents don’t “enrich” their children’s education, then they won’t be happy with the outcome.

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MONEY: THE gold standard; the only standard

http://dumpdc.wordpress.com/2011/06/14/what-the-gold-standard-is/

What the Gold Standard Is
courtesy The Lehrman Institute

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The classical gold standard is simple and it works.

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The classical gold standard does not mean that we will be carting around gold pieces in a purse like the nobles of Merrie Old England. We will still carry around currency, use bank accounts, checks, and credit cards. The classical gold standard simply means that you can, for any reason or no reason at all, cause your paper dollars and bank deposits to be exchanged for an equal value of gold dollars. That legal option keeps the currency honest, and valuable, causing no long term inflation or deflation, not least because the government is bound by the same law of convertability.

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The classical gold standard works.

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I don’t know might be kinda have gold coins like our great grandparents used.

The key thing that the “gold standard” IS is a restraint on the number of “dollars”, francs, yen, or rubles that the Gooferments can print.

Then, every piece of paper has value. Not as intrinsic as a gold coin, but by what it can be exchanged for.

Simple!

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