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College and University Discussion
Reply to "The End of College Life - Wash U Prof's article in the Atlantic"
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[quote=Anonymous]My point is that there is a lot of waste in many parts of the government and universities. As Charlie Munger says the most underestimated force in the universe is incentives. There is just no incentive in either the government or universities to be careful with money, that it is not being wasted. There was never any effort in the last several decades or ever to look into this. Even if there is effort, it is difficult to get anything done because of vested interests that stymie these initiatives.[/quote]
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