• "Well written, well researched, and the thesis put forth is well argued.... Woods has opened up an area of historical analysis that should invite further study."
    -Journal of American History

  • "During these times that challenge our freedoms there is no one more qualified to make U.S. history relevant to the fight against big government than Thomas Woods."
    -Barry Goldwater Jr.
    Former Member of Congress

  • "I strongly recommend Woods's work."
    -The Honorable Ron Paul,
    U.S. House of Representatives

  • "Written with great clarity and fluency, making the complex philosophical and theological concepts approachable."
    -Journal of American Studies

  • "A must-read."
    -Barron's

  • "An excellent reading source for anyone interested in financial markets, and much more so for anyone interested in learning about capitalism without all the misinterpretations being thrown about in the financial media."
    -Asia Times

  • "Provocative, well-written, and deserves to be read."
    -Catholic Historical Review

  • "An engaging and important contribution to scholarship on the history of American Catholicism."
    -Journal of the Historical Society

  • "Woods and [co-author Kevin] Gutzman appeal to both left and right in this constitutionalist jeremiad…. The authors' exegeses of the Constitution and court decisions, heavy on original intent arguments, are lucid and telling."
    -Publishers Weekly

  • "A marvelous read. Every chapter taught me something new and unexpected."
    -Tom Bethell, senior editor,
    The American Spectator

  • "The hottest book today is Meltdown, by my friend Tom Woods."
    -Judge Andrew Napolitano, senior judicial analyst,
    FOX News Channel

  • "Should be required reading."
    -Economic Affairs (London)

  • "Woods, one of the best classical liberal [libertarian] scholars of his generation, has once more placed us in his debt with this lucid and tightly argued book."
    -David Gordon, The Mises Review

  • "Tom Woods is one of my dearest allies in the struggle against wrong-headed and dangerous economic policy."
    -Peter Schiff

Without College Everyone Would Be an Idiot, Right?

I’d like to quote this whole article from Yahoo News, and so I highly recommend you read it, but I especially like this passage, which considers how people might acquire knowledge in a world without the presumption that everyone should go to college. Why, wouldn’t we all be ignorant? (Quite unlike the situation that prevails today, of course.)

In young adulthood, you’d make friends, acquaintances and misspent-youth memories in the workplace, online and in service to community, cause and country. That’s where you’d also acquire polish, a work ethic and a conscience.

You’d bring glory or ignominy to your family the old-fashioned way: through your contributions to society and your interactions with your fellows. The glory/ignominy die would not be cast when you were 17, by a letter of admission or rejection. Imagine.

You’d read, do problem sets and hear lectures as needed or desired—in reading groups, at workshops, on the road, at community programs, at corporate programs, at museums and libraries and above all on the Internet. You’d study not to get a credential; you’d study to improve your mind or acquire a skill, the same reason you go to karate, yoga or mandolin class.

If you happened to be the rare type who loves nothing more than to study liberal arts—if you were scholarly and somewhat monastic by nature—you might raise the money and enroll in an affordable college with some like-minded students and a good library.

Read “How to Burst the College Bubble.”

Unlearn the Propaganda!

  • http://twitter.com/ptero9 Ptero

    Except for the last paragraph, you just wrote my bio Tom. But, being somewhat monastic by nature, it just so happens that I am happily employed at a Monastery. No regrets here for dismissing the need for a college education and especially the bill that comes with it.

  • Anonymous

    Do you think we’ll bail out the administrations and endowments when the college bubble pops? I’m not even sure if I’m being sarcastic or not.

  • Anonymous

    She mentions the “tulip bubble”?
    Busted!! Must be a closet Austrian! :)

  • Ray Holloway

    Thanks for linking to this, Tom. What a great article. Unfortunately, the comments are full of boobs who think college is a rite of passage and all that jazz.

    Here’s an interesting debate from last year over whether too many kids go to college.
    http://www.youtube.com/watch?v=7VTQ-dBYSlQ
    The former CEO of Paypal, Peter Thiel and Charles Murray, the author of _The Bell Curve_ , agree that college isn’t necessary for most kids. Their opponents huff and puff, but make nary a single good point in defense of the current state of higher education.

  • Chris Barcelo

    Thanks Tom, this was great!

  • Shayne

    It is almost exciting to have something like this on Yahoo news with almost 2000 comments. However I read some of the comments and I don’t think they understand the article at all as if it was written in a foreign language to them.

  • Anonymous

    Uh, My earlier comment disappeared. Are you mad at me, Tom? It was a totally innocuous comment…

  • http://www.TomWoods.com Tom Woods

    What comment? I haven’t deleted anything.

  • Anonymous

    Yow!!
    Sorry. I seem to stick my foot in my (virtual) mouth all the time.
    I DID post a comment on the article to the effect that since the reporter even MENTIONED the tulip bubble, she must be a closet Austrian.
    I SWEAR it confirmed as posted, but then disappeared.
    Regards to Doug French!

  • Anonymous

    Who’s going to dig willie’s ditch……………………the leprechaun bill o’reilly……?

  • http://twitter.com/ptero9 Ptero

    My comment disappeared too. Must be glitch :) Just wanted to say that I certainly have benefited from choosing not to go to college. Saved a bunch of money, had 30 year career in printing. Work is for money, life is for learning. Honoring my monastic tendencies, got a job in the Development side of a Monastery managing their donor database. I feel bad for anyone who thinks they need college, unless the goal is a specifically technical field requiring creds. Maybe the days are gone in which you could advance yourself by simply showing up, paying attention and being a good learner with an understanding of your obligation to an employer to do a good job.

  • Pastor Ko-Rect

    Thanks for the great article!

    Generally, college is a bad investment for most people.

    I started college in the 1960′s and accumulated about two hundred college credits after about ten years. I can say, most of this education could have been accomplished at a much lower cost and I would have done better financially if I had NOT made the investment in time and money.

    Based on my experience, I would recommend a technical school for most people, as long as there is a good reason to believe that it would result in a job. After starting the job, I would suggest attending a community college part time with electives that you believe will help you with your current or desired career, as long as there is a good reason to believe that the community college would have value.

    So far, you would have spent a small fraction of the cost of a dorm based, high priced college. And you may have already paid it off from the proceeds of a part time or full time job.

    At that point, you would have some education experience and job experience. You would have a better chance of making the right choice in how to invest future education money. And it might be possible to continue your education online, which is much less expensive than traveling back and forth to a brick and mortar classroom. Of course, it is not always possible to replace some lab based classes online or with self education. But it is possible acquire most of your learning away from over priced college courses.

    Although I’ve spent a ton of time and money in brick and mortar locations, I’ve gotten the highest return on investment from online courses, blogs, and research. And I never had to borrow money to pay it off.

  • Anonymous

    I’ve seen it happen here a couple of times recently too, so you aren’t losing your mind. It’s probably a software or isp glitch. It’s always a good idea to compose a post offline, so you don’t lose it when this sort of thing happens.

  • Anonymous

    Thanks, Martin! I feel better.