Arnold Kling shares what he believes about education:
1. The U.S. leads the world in health care spending per person, but not in health care outcomes. Many people look at that and say that health care costs too much in the U.S., and we should be able to get the same our better outcomes by sending less. Maybe that is correct, maybe not. That is not the point here. But —
2. the U.S. leads the world in K-12 education spending per student, but not in student outcomes. Yet nobody says that education costs too much and that we should spend less. Except —
3. me. I believe that we spend way too much on K-12 education.
4. We spend as much as we do on education in part because it is a sacred cow. We want to show that we care about children. (Yes, “showing that you care” is also Robin Hanson’s explanation for health care spending.)
8. I do not expect educational outcomes to be any better under a voucher system. That is because I believe in the Null Hypothesis, which is that educational interventions do not make a difference.
9. However, a competitive market in education would drive down costs, so that the U.S. would get the same outcomes with much less spending.