Tuesday, November 27, 2012

Passing off fakes

Worth remembering when someone asks how a parent can be qualified to homeschool their children:
It was a brazen and surprisingly long-lived scheme, authorities said, to help aspiring public school teachers cheat on the tests they must pass to prove they are qualified to lead their classrooms.
For 15 years, teachers in three Southern states paid Clarence Mumford Sr. -- himself a longtime educator -- to send someone else to take the tests in their place, authorities said. Each time, Mumford received a fee of between $1,500 and $3,000 to send one of his test ringers with fake identification to the Praxis exam. In return, his customers got a passing grade and began their careers as cheaters, according to federal prosecutors in Memphis.
Authorities say the scheme affected hundreds -- if not thousands -- of public school students who ended up being taught by unqualified instructors.

Speaking of institutional fakery, this other story is worth a read as well:
The issue that divides the anti-gold bugs from the gold bugs is simple to state. The gold-coin standard places monetary authority in the hands of millions of economic participants who own gold. The gold bugs favor this. The anti-gold bugs oppose it.

The rival camps are divided by rival systems of economic sovereignty. The gold bugs favor the sovereignty of the free market. The anti-gold bugs favor the sovereignty of the banking cartel, which is the joint creation of the federal government (Federal Reserve) and the states (state bank licensing).  This is a replay of the arguments of Adam Smith against the arguments of the mercantilists. It is the logic of widespread, decentralized private ownership and voluntary contract versus the logic of government licensing, barriers to entry, and the legal right to counterfeit money.

The anti-gold bugs do not want to put it this way. This is why gold bugs should always put it this way.

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