Comments on Thoughts on Education Policy: Has Education Spending Really Skyrocketed?

A meaningless post, using dishonest numbers. The p...

2008-04-27T05:50:00.000-05:00

A meaningless post, using dishonest numbers. The percentage of GDP means nothing; the raw dollars do.

Also, one needs to see education as an investment....

2008-04-20T00:01:00.000-05:00

Also, one needs to see education as an investment. The country can't expect to progress if the money isn't being spent on education. The investment now in education can also provide, if not cover itself, later on by getting uneducated off welfare, allowing people to earn more money thereby spending and taxing more, ect. I'd also like to think it would concentrate less money at the top and have a more equal distribution of wealth (although that's a pipe dream).

Well, it depends on how you view education. As GD...

2008-04-19T10:31:00.000-05:00

Well, it depends on how you view education. As GDP rises a country should have to spend less of its income on necessities(e.g. roads, military) but can afford to spend more money on luxuries b/c there is more disposable income. If you think that quality education is a necessity regardless of how rich/poor a country is then you'd expect it to shrink as a percentage of GDP as a country grew. If you view education as more of a luxury good -- something that an extremely poor country can't afford but that a rich country can afford to do very well -- then you'd expect it to rise over time. I'll explain this better on my blog.

But why should education spending remain at the sa...

2008-04-19T06:59:00.000-05:00

But why should education spending remain at the same percentage of GDP? Even military spending consumes a lesser percentage of GDP.