On the continuing lively discussion of school vouchers, Boonton writes,

The graduates of those ‘horrible’ [American public] schools went on to build not only an economic boom but one with heavy concentration in knowledge industries. This is the exact opposite of what you would expect to happen in a country with a failing educational system. Meanwhile what happened to another nation from 20 years ago that supposedly had a wonderful school system? Anyone hear from Japan these days?

About America, Boonton is saying: if you’re so dumb, why aren’t you poor? I think that some of the answer may be that we have increased private school education and imported many knowledge workers. However, for the most part I think the answer lies in the greater flexibility of our capital market.

To continue the discussion, return to the original thread.