(Townhall) If an investment yields stagnant or negative returns despite increased funding, the rational thing to do is back off. This logic rarely applies in government, but we’re in a unique moment. The U.S. Department of Education — which has long exemplified the sunk-cost fallacy with past investments motivating continued spending — faces possible closure as the Trump admnistration pushes to devolve education back to the states.
First, let’s be clear: The department traditionally funds only 8% to 10% of K-12 education, and new Secretary of Education Linda McMahon seems rightly concerned that not enough of that money goes toward actual instruction. (Read More)
