> Are there too many people who get in to Ivy League schools just to party? Sure. But fixing that problem—which I agree is worth fixing—need not involve burning higher education to the ground and depriving those who are actually going to get use out of it.

Within Ivy League schools there are a ton of (very bright!) kids who get a degree just to have a credential they use to punch their ticket at a bank or consulting shop. And outside the Ivy League there are tons of kids who get a degree, spend a lot of time partying, to get a job they could have done without the degree. All told, probably a majority of people who get a degree today don’t need one. (Back when we sent a man to the moon only 10% of Americans had a college degree. It probably never needs to get higher than that.)

There is a place for public funding of college. We need engineers, doctors, even writers and journalists. And we need to address the plight of people from disadvantaged backgrounds. But I suspect you could get most of the economic benefits with a targeted system that gave out full ride scholarships based on merit, need, and plan of study, instead of making college into grades 13-16 as we have today.