Bernie Sanders (with whom I’d much rather spend an evening with than Hillary Clinton) is almost comical in his sputtering fury against “Wall Street.” When he panders to students, it’s “Wall Street” that imposes draconian interest rates upon their loans. When he panders to groups based on skin color, it’s again “Wall Street” that causes their troubles. No doubt it’s again “Wall Street” that is responsible for this winter’s poor snowfall in Vermont.
It goes without saying that one could easily find human beings who have worked in companies located in buildings on Wall Street that have behaved reprehensibly. In just the same way, there are more than 700 teachers still employed by New York public schools accused of offenses ranging from violence against students to sexual misconduct who are being paid their full salaries to sit around in what are called ‘rubber rooms’. That fact doesn’t discredit the idea of education any more than miscreants in finance discredit the free market. (more…)