In a stateless society, all education would be funded by the students, parents and/ or community donors. The university system, for example, would receive no tax dollars, as no state exists to tax, resulting in an inflationary recession within education to work out the current financial bloating of the Texas system, as it stands. As producer surplus declines within education and comes into line with the real economy, pay for teachers and institutions will also come in line with reality. Many colleges and schools of every kind will close and streamline to the demands of the real economy.
Education will return more to the private sector employers who will seek out and train employees to their specific needs, and the economy will begin to boom on funds not wasted on bloated inefficient educational systems, much as we see in Milton Friedman's Hong Kong.
What this means to you and me in twenty years is that the guy with a Ph.D. in Art History, who would have been serving you at the front counter at McDonald's, due to an oversupply of Ph.D's in Art History (paying off his student loans), might instead own his own art gallery with no Ph.D. and no student debt within the context of a booming economy full of such stories.
Gene Chapman,
Tolstoyian-Gandhian Libertarian for Texas Governor
ChapmanForTexasGovernor2014.com
gkchapman2012@hotmail.com
