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My GMU Econ colleague Bryan Caplan, writing in Time, reflects wisely on the recent college-admissions scandal. Here’s his conclusion:

As a college professor, I’ve spent years blowing the whistle on the wasteful system that employs me. When the FBI went public with this case, many of my Twitter friends declared victory on my behalf. Yet truth be told, this salacious scandal proves next to nothing. It just illustrates the obvious. Though we casually talk about our “institutions of higher learning,” little learning is going on. Sure, college is an intellectual banquet for the rare students with a passion for ideas and the energy to locate the also-rare professors with a passion for teaching. The vast majority, however, come in search of a stamp on their foreheads that says grade a — and leave with little else. If the parents accused by the FBI are guilty as charged, don’t say they failed to understand the purpose of a college education. Say they understood its purpose all too well.

In this new video, Dan Mitchell busts some myths about trade deficits.

Arnold Kling writes about hard-left economics.

Jeffrey Tucker tells the tale of the founding father of eco-fascism.

While we’re on the topic of eco-fascism, check out these new videos shared by Mark Perry.

Robert Higgs calls out false communitarians. A slice:

True communities form spontaneously and function voluntarily. False communities represent groups of people who use political means to victimize those outside the group and violate their natural rights. True communities have no need for cops; false communities cannot get by without them. False communities are more accurately described as political factions.

My intrepid Mercatus Center colleague Veronique de Rugy rightly bemoans the fact that sound politics makes for unsound budgetary policies.