"I have an English literature degree. I wanted to be the next great American novelist from a very early age, but I put it aside for a while, because I got very realistic at one point."

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College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.

— Alex Tabarrok