Summary: Richard Vedder, author of Restoring The Promise: Higher Education in America, joins Erik to discuss:<br><br>- The origins of the myth that higher education is the key to career success.<br><br>- The unintended consequences of student loans, including the fact that colleges raised tuition dramatically in response to the increase in borrowing.<br><br>- The key pieces of government regulation that impacted higher education and why the GI Bill led to an explosion in the number of universities.<br><br>- Where he agrees and disagrees with Bryan Caplan and Peter Thiel.<br><br>- The history and evolution of colleges in the US.<br><br>- The fact that the earnings gap between college and non-college educated workers is not due to what a student has learned but rather that they have demonstrated the determination to get in to college in the first place.<br><br>- Why colleges have been so resilient.<br><br>- What he would do if he was starting a new university from scratch today.<br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. <br><br>Check us out on the web at <a href="http://www.villageglobal.vc" rel="noopener">www.villageglobal.vc</a> or get in touch with us on Twitter @villageglobal.<br><br>Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>
