Academia, and Economics in Particular, is Becoming Too Elite
9th July 2022
This ought to come as no surprise. Intelligence, if not entirely hereditary, has a large hereditary component. In these degenerate modern times, when even people who don’t have the smarts to make it in college nevertheless get admitted and funded (with YOUR tax dollars), the children of people with advanced degrees have no trouble getting advanced degrees themselves, unless they are total screw-ups (which many are). In the Good Old Days, being a professor didn’t pay all that much, so their kids sometimes had to get a Real Job. But not any more.