My buddy Dan has an interesting take on the colossal failure of our elites in every walk of life.  He believes it comes down to the disconnect and value difference in credentials versus achievement.  He points to the products of our elite universities and corporations, along with our government, and their lengthy resumes of merely being in the right place or school or organization or activity to build what looks to be an impressive c.v.  Except on closer inspection it becomes clear they never actually did anything of any note.

So I figured he’d really like this blog entry by Paul Caron on his TaxProfBlog.  I was right — he did.