A very interesting piece by Amanda Achtman over at the Frontier Centre for Public Policy Blog
Last week I attended the convocation of a friend of mine at a local liberal arts institution offering Bachelor of Education degrees. Their program is new: it began in September 2008, with the first class graduating only last year.
My friend graduated with a History degree, I should say right at the outset.
I was surprised to read in the program that 35/36 of the graduates in the collegeâ€™s new Education program graduated with baccalaureate honours.
It seems that the Inflationary society that we have been locked into sinceÂ the Bank of Canada was created in 1935 is nowÂ devaluing the standing of our Institutions of higher learning.
As Amanda quite rightly points out
Grade inflation follows the same principles as monetary inflation. If the supply of high grades is inordinately and unduly increased, then the value of these grades will go down. Where such honours have traditionally served as legitimate academic currency, this currency is now running the risk of being rendered meaningless.
A lecture that ties in nicely with this column is Jeffrey Tuckers The Cultural Upheaval of Loose Money.
Inflationary polices have reached into all aspects of our lives…