Community colleges are subsidized through direct state and local government appropriations and through student grant programs. Every student who drops out represents an investment loss by the taxpayers in that student's uncompleted education.

In some important ways we are safer, but in many others we are not. We have taken significant steps to become safer, but not enough. To be equally honest and realistic looking ahead, we must admit that the United States unquestionably faces a dangerous and uncertain future.

Only by ensuring mortgage quality and fostering the accumulation of adequate capital behind housing risk can a robust housing investment market be created without government guarantees.

Digital learning poses an immense dilemma when it comes to ensuring quality. In this paper, Hess explores the pros and cons of input regulation, outcome-based accountability, and market signals as solutions to the quality challenge.

Recent calls for tighter clinical requirements for medical devices should themselves be recalled. Such requirements would not greatly increase public safety; they would hamper innovation.

Many US municipalities and states are currently facing severe financial pressure. They have huge unfunded pension commitments, and recent forecasts of widespread defaults have resulted in a large sell-off of their bonds. This is not new. Financial history is full of instructive defaults by governments on their debt. Can these past crises teach us about what to do now?

India’s education policies should encourage private initiative and focus on learning outcomes