(2015-06-06) Alexander Vs Sanders College Subsidies As Tulips

Scott Alexander questions Bernie Sanders's plan for a free College Education. *At what point do we say “Actually, no, let’s not do that, and just let people hold basic jobs even if they don’t cough up a a hundred thousand dollars from somewhere to get a degree in Medieval History”?

I’m afraid that Sanders’ plan is a lot like the tulip Subsidy idea that started off this post. It would subsidize the continuation of a useless tradition that has turned into a speculation bubble, prevent the bubble from ever popping, and disincentivize people from figuring out a way to route around the problem, eg replacing the tulips with daffodils.

If I were Sanders, I’d propose a different strategy. Make “college degree” a protected characteristic, like race and religion and sexuality. If you’re not allowed to ask a job candidate whether they’re gay, you’re not allowed to ask them whether they’re a college graduate or not. You can give them all sorts of examinations, you can ask them their high school grades and SAT scores, you can ask their work history, but if you ask them if they have a degree then that’s illegal class-based discrimination and you’re going to jail. I realize this is a blatant violation of my usual semi-libertarian principles, but at this point I don’t care.*