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Education is not positional in the same way as a Lexus. For one thing, as someone said, if we exchange ideas we each end up with two ideas, whereas if we exchange cars we still have one car each. In fact, now that so many people go to college, a university degree is not even a positional good. It's an entry requirement.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Tue Dec 4th, 2007 at 11:21:18 AM EST
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