On Monday, Malpass will be our guest on Intelligent Investing, sitting down for a lengthydiscussion with Steve Forbes about spending reform, the strength of the dollar and how to get investment capital back into the United States.
The notion that even if it does not promote growth more university spending is needed to equalize economic opportunity, is not supported by the evidence (the vast expansion in university education in the last 40 years has been accompanied by a widening, not a narrowing, in the income distribution), but a lengthydiscussion of that must await future essays.