Professor Bass: Public versus Private Education

Professor Bass: Public versus Private Education

Январь 30, 2016

Georgetown University Professor Randall Bass discusses "Public versus Private Education" with CCT graduate student Angela Hart.
For more information, please visit

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2:55 Education Vs. Schooling: Is it The Same? - Learn Liberty

Education Vs. Schooling: Is it The Same? - Learn Liberty

Did high school ever feel somewhat like a prison? Did it ever feel like being in a machine that had its own purposes and goals separate from yours? Learn More: This feeling is not uncommon, and an examination of the development of the school explains why. Rather than being a tool to educate, the school as we know it today started as a way to produce obedient and loyal subjects, soldiers, and workers. It was never intended to develop the mind in any meaningful way. Education and schooling are often conflated, but there are many important distinctions between the two. Prof. Steven Davies argues that schools are not suited for educating and it is high time we move away from the idea of the school as the only option for delivering education.


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Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at

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32:59 269: Dennis Bergevin on public school teaching, professional development, and advising

269: Dennis Bergevin on public school teaching, professional development, and advising

Dennis Bergevin and I have a lot in common.

He's a bass player.   Me too.

He taught public school orchestra.   So did I.

His career has taken an unexpected turn. I totally identify with that.

For Dennis, it was the interactions with the students that he found most valuable.   Not that the music wasn't important, but helping young people to find their path in life was what really mattered to him.

I agree 100%. By the way, Dennis is a rockin' bass player. Check out this video of him playing Bach.

So Dennis has transitioned out of that orchestra director role and is now training to work in guidance at the college level. It’s amazing the opportunities that exist at the university level outside of being a professor, and how critical the people in roles like what Dennis is doing are to shaping the direction of student’s lives.

I also like this photo of Dennis and Edgar Meyer!

Learn more about my coverage of music teaching at

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Other episodes where we talk about teaching orchestra: Peter Tambroni Gabe Katz Thanks to our sponsor! This episode is brought to you by D’Addario Strings! Check out their Zyex strings, which are synthetic core strings that produce an extremely warm, rich sound. Get the sound and feel of gut strings with more evenness, projection and stability than real gut.

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1:19:4 John Heins & Whitney Tilson: "The Art of Value Investing" | Talks at Google

John Heins & Whitney Tilson: "The Art of Value Investing" | Talks at Google

“John Heins and Whitney Tilson, co-founders of the Value Investor Insight newsletter, have done a thorough job of explaining how to look for stocks that are trading at significant discounts to what they are worth — the concept known as the value style of investing.…the authors present a clear framework for ferreting out undervalued companies.”
—The New York Times

About the book:
In The Art of Value Investing, John Heins and Whitney Tilson offer a comprehensive set of answers to the questions that everyone investing seriously in the stock market should have thought through clearly before committing his or her hard-earned capital to the endeavor. What market efficiencies will I try to exploit? What analytical edge can I hope to have? How specifically will I decide to buy or sell? For answers, they call on market-beating money managers – including such investing luminaries as Seth Klarman, David Einhorn, Bill Ackman, Howard Marks, Mason Hawkins and Julian Robertson – who have graced the pages over the past ten years of their highly regarded newsletter, Value Investor Insight. To illustrate one of the equity investor’s most important tasks – how to value a company – they will present a particularly relevant current case study … on Google.

About the authors:
John Heins is the co-founder and President of Value Investor Media, Inc. and Editor-in-Chief of Value Investor Insight and SuperInvestor Insight. Previously, he served as CEO of Bertelsmann AG’s U.S. magazine subsidiary, ran AOL’s Personal Finance business and was a reporter and staff writer for Forbes magazine. He holds a bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School and earned an M.B.A. from Stanford University.

Whitney Tilson is the co-founder and Chairman of Value Investor Media, Inc. and founder of Kase Capital, which manages value-oriented private investment partnerships. Prior to launching his investment-management career in 1999, he co-founded with Harvard Business School Professor Michael Porter the Initiative for a Competitive inner City, was a consultant at The Boston Consulting Group and was a founding member of Teach for America. He holds a bachelor’s degree in Government and an M.B.A., both from Harvard University.

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38:59 GE2017: Can We Avoid Another Financial Crisis? New economics book by Prof. Steve Keen

GE2017: Can We Avoid Another Financial Crisis? New economics book by Prof. Steve Keen

Can We Avoid Another Financial Crisis?
The short answer is 'no'
Prof. Steve Keen's new book
BCfm 93.2fm
Martin Summers, Tony Gosling 19 May 2017

Second hour: Investigative reports: Interview with Steve Keen, economist and author – he has just brought a book out ‘Can we avoid another financial crisis?’ Debt deflation; austerity destroying GDP – mainstream economists; QE direct to public; which political party has good policies economically? Can individual financial crashes be contained? Private debt more of a danger than public debt; clip of Michael Hudson author of ‘Killing the Host’ on banks ruining economies; recent global WannaCrypt RansomWare attack – online banking security, cashless economy; Michael Hudson on the banking system taking over media and education like a parasite – Politico Financial Complex; what would Steve do if he were chancellor? – plan for eliminating private debt; is there going to be a catastrophic financial crash?

Economic theory is layered like a cake. Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist Steve Keen‘s new book, “Can We Avoid Another Financial Crisis?“, is an illustrative example.

The good news is that Keen’s book accurately describes the current economic system; the bad news is that the answer to the question in the title is “no.”

Keen defines his question within the layer of a corrupt banking system, the system we have now. He explains how it is that banks create money in the form of debt and how this leads to financial instability. In the book, he quotes the Bank of England’s own economists:

“In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: The principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.”

Keen builds on the work of Hyman Minsky and Joseph Schumpeter to explain why it is that private debt created out of nothing by private banks leads to economic instability.

“Desired investment in excess of retained earnings is financed by debt. This leads to a cyclical process in capitalism, which also causes a secular tendency to accumulate too much private debt over a number of cycles, ” writes Keen.

Related Coverage
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Steve Keen: ‘Can We Avoid Another Financial Crisis?’The Hidden Force Behind the US Trade Deficit
The boom-and-bust cycle is as follows: During the early stages of a debt cycle, debt drives investment, which increases demand. The growing economy can easily service the debt, and most loans are repaid. The longer this benign growth phase lasts, the more that banks are incentivized to throw caution to the wind and loan more. Asset values backing the loans are also rising in value, encouraging recklessness.

At some point, debt levels become so high that the weaker economic players cannot maintain their interest payments, setting off a wave of defaults that causes the money supply to contract and leads to losses at banks. Banks then reduce their lending, further shrinking the money supply (where money is debt) even further, slowing economic activity. At this point, even strong players are in trouble and are forced to liquidate assets. The vicious cycle simply continues.

People who have witnessed the subprime boom and bust would mostly agree with this assessment. So why haven’t mainstream economists figured it out?

Mainstream Economics Ignores Debt
In his first major book “Debunking Economics, ” Keen promised there was going to be “no more Mr. Nice Guy” toward mainstream economists who completely ignore private debt in their models, forecasts, and policy recommendations.

Keen continues with the same tenor in his current book, dishing out criticism of the profession where it is due and explaining why the mainstream keeps getting it wrong.

They face the junkie’s dilemma, a choice between going ‘cold turkey’ now, or continu[ing] to shoot up (on credit) and experience a bigger bust later. China is undoubtedly the biggest country facing the debt junkie’s dilemma now.
— Steve Keen, from the book 'Can We Avoid Another Financial Crisis?'
“Minsky’s theory is compelling, but it was ignored by the economics mainstream when he first developed it because he refused to make the assumptions that they then insisted were required to develop ‘good’ economic theory, ” writes Keen.

Making too many illogical and irrational assumptions is the reason why mainstream economics is suffering from a crisis of confidence...

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1:3 Boy singing chandelier by sia

Boy singing chandelier by sia

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1:32:50 Askwith Forum | Is Public Education Dead?

Askwith Forum | Is Public Education Dead?

On March 13, 2014, HGSE Dean James Ryan introduced speaker David L. Kirp and discussants Christopher Jencks and Jal Mehta for an Askwith Forum entitled "Is Public Education Dead?" in Longfellow Hall.

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1:42:50 Universities and the First Amendment

Universities and the First Amendment

The fourth panel of the 2017 National Student Symposium at Columbia Law School. The topic of the Symposium is "The First Amendment in Contemporary Society." March 3-4, 2017.

Universities have long been thought of, and cherished, as places for the free exchange of ideas. This idea has, however, come under pressure. Student groups have now routinely exercised pressure to keep people who they disagree with off campus. And safe spaces and trigger warnings—which limit speech that some have deemed offensive—have become regular features at universities across the nation.

Many see the climate of shouting down or protesting the expression of others' viewpoints as the symbolic beginning of an era limiting the freedom of speech on college campuses. While surveys seem to show a majority of students disagree with universities curtailing speech, even when it is offensive, vocal minorities with opposing views have been the ones capturing news headlines and the attention of the public at large.

With the accessibility to speech provided by the internet and viral sharing of information, expression and speech spread with more ease than ever, but this same technology creates opportunities for back-lash on social media and gives a larger stage to those who would threaten the free market of ideas at our nation's universities.

The First Amendment protects principles which have always required vigilance to maintain, and today's world makes no exception. This panel will explore how these developments have affected intellectual discourse on campus and if they are conducive to a meaningful learning experience at our universities.

— Prof. Robert Post, Dean and Sol & Lillian Goldman Professor of Law, Yale Law School
— Prof. Phillip Hamburger, Maurice and Hilda Friedman Professor of Law, Columbia Law School
— Prof. Suzanne Goldberg, Executive Vice President for University Life, Columbia University; Herbert and Doris Wechsler Clinical Professor of Law, Columbia Law School
— Prof. Michael McConnell, Richard and Frances Mallery Professor of Law; Director, Constitutional Law Center; Senior Fellow, Hoover Institution
— Moderator: Hon. Thomas Hardiman, U.S. Court of Appeals, Third Circuit

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