By Arnold Kling
Mike Gibson points me to this story.
[Peter] Thiel is starting a new initiative that will offer grants of up to $100,000 for kids to drop out of school.
His goal is to get college students to work in business start-ups rather than waste time in college accumulating debt.
I think that the idea that we need more young people enthusiastic about starting businesses and less formal education makes sense. Of course, it is hard to work through all of the signaling implications of this grant.