Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Investing

What We Should Hope for from the Newly Nominated – and Last? – US Secretary of Education

Neal McCluskey

In a bit of a surprise to education watchers, former World Wrestling Entertainment CEO Linda McMahon has been nominated to be the new US Secretary of Education. It comes amidst a renewed push to eliminate the unconstitutional and ineffectual federal Department of Education.

Will McMahon tear the place down?

That’s the wrong question. The right one points to why it is not all that important who the education secretary is.

Neither the secretary, nor her boss the president, gets to unilaterally decide to raze the Department of Education. To end it, Congress must pass a law dissolving it, and then the secretary executes the law. Indeed, that is the job of the executive branch overall—to execute the law, not to make it, which administrations seem to forget all the time.

Hopefully, that is what the Trump administration will do: Work to persuade Congress to pass legislation dissolving the department, sure, but focus on executing the law as it is and not remaking it through executive action, as the Biden administration has tried to do egregiously with federal student loans and, perhaps more arguably, Title IX.

The main thing the secretary should be—until the job is ended—is a good administrator. Current Secretary of Education Miguel Cardona appears to have failed in this regard, most pointedly with the disastrous simplification of the Free Application for Federal Student Aid. Indeed, running federal student aid is the biggest Department of Education function, and it has long been decrepit, perhaps because secretaries have never come from financial backgrounds. A good sign for McMahon is that she has had a successful business career, albeit running steel cage matches and not red tape machines. But she probably knows something about efficiency and effectiveness.

So should we be thrilled or depressed by McMahon’s nomination?

Neither. It is not the job of the secretary to drive the reforms we want. That is Congress’s job. But if and when Congress does the right thing and eliminates the US Department of Education, I hope there is a secretary in place to faithfully and efficiently do as the law commands. As of yet, I have no reason to believe that Linda McMahon is not that person.

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved