This is the ninth entry in Fordham’s education savings account Wonkathon. This year, Mike Petrilli challenged a number of prominent scholars, practitioners, and policy analysts to opine on ESAs. Click to read earlier entries from Michael Goldstein, Seth Rau, Matthew Ladner, Jonathan Butcher, Tracey Weinstein, Andy Smarick, Neerav Kingsland, and Lindsey M. Burke.
Earlier this month, Governor Brian Sandoval signed into law the nation’s first nearly universal education savings account (ESA) program. Education reformers are right to be excited, but now comes the hard part: resisting the temptation to overregulate.
At the core of the market-based approach is a deep epistemological modesty. We do not know the best way to educate students, or even if there is a “best” way. There is a legitimate diversity of views regarding what students should know and how to teach them, and different children have different learning needs.
There is no perfect system. All our institutions are constructed from the crooked timber of humanity. Ultimately, there will be failures in the private sector, just as there are in the public. Education providers will try new things only to discover that they...