Should Yale (and Other Elite Colleges) Require Students Take a Kobayashi Maru Test?

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When it comes to “The Game,” precedent has no say. The annual Yale-Harvard ritual evokes a rivalry that transcends the ages, as well as the win-loss record of the season’s previous games. So it was in 1979 when the heavily favored undefeated Yale Bulldogs fell to the Harvard Crimson in the season’s ultimate game by the score of 22-7.

Even the final score means nothing. In 1968, when Harvard scored 16 points in the final 42 seconds to earn a tie, the Harvard Crimson headline read: “Harvard Beats Yale 29-29.”

This year, the 136th edition of The Game was much anticipated. ESPN had it moved up an hour to a noon start since the Yale Bowl has no lights. Yale, with a record of 8-1, scoring an average of 37.4 points-per-game and fighting for the Ivy League title, was the odds-on favorite to defeat Harvard, losers of four straight. Was anyone surprised, then, that the first half ended with Harvard beating the Bulldogs by a solid 15-3 margin?

The halftime show changed everything.Continue Reading “Should Yale (and Other Elite Colleges) Require Students Take a Kobayashi Maru Test?”

It’s Time to Outlaw Student Loans

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Now hold on. Before you think I’ve totally lost my mind, hear me out on this one.

More than two decades ago, when Hillary Clinton was busy working on her plan to nationalize our nation’s health care system (yes, that would be when she was First Lady), the idea of how to stop spiraling health care costs suddenly hit me: Outlaw health insurance.

The reasoning was basic economics: Sellers charge what the market will bear. Because consumers didn’t pay their health care costs out-of-pocket (that’s what health insurance is for), they had no incentive to “shop” for the best price. As a result, the market (i.e., those health care consumers) could bear almost any price. Given that, it was only natural prices skyrocketed. (Well, that and an unconstrained tort system that made medical malpractice one of the fastest growing industries in America.)

Now consider college costs. They’ve skyrocketed, too. Why? Because the financial “aid” Continue Reading “It’s Time to Outlaw Student Loans”