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Money for Nothing

Who caused the financial collapse? Just about everyone.

Jan 14, 2013, Vol. 18, No. 17 • By LEWIS E. LEHRMAN
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For the American problem, in Allison’s view, goes beyond economics:

The causes are far deeper, longer-term in nature and far more destructive. Our educational system, especially our “elite” universities, played a far more significant role in the destruction of wealth than greed on Wall Street did. The ideas that these elite universities are currently teaching our future leaders pose a fundamental threat to our long-term prosperity. 

Lewis E. Lehrman is chairman of the Lehrman Institute.

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