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Gov. Bill Haslam’s giveaway of associate degrees to high school grads seeks to intervene on behalf of a bureaucratic schooling system facing erosion from the digital marketplace where PDFs, free materials, free lectures, YouTube and online resources dominate. It’s as if he were the Fed, spewing credit into the marketplace to keep investors and homebuyers happy; he is bolstering a sick system. The giveaway betrays free market principles, and may teach the wrong lesson. 10 minutes.
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