Chicago's Moskow on the future of higher education

In a speech given on 2 November Michael Moskow of the Federal Reserve Bank of Chicago said an evolving economy means education, productivity and economic growth are more closely linked than ever at a time U.S. universities are under mounting financial pressures.

The belief that education is largely a public good that warrants government support "has eroded over time," Moskow said in remarks prepared for delivery to a Chicago Fed conference on the future of higher education.

"For universities to

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