George Leef’s latest Inquiry Paper on higher education spending has been picked up by EducationNews.org. In the piece, Leef countered conclusions reached by a recent Institute for Higher Education Policy paper, “The Investment Payoff,” which led readers to believe that spending on higher education creates significant benefits and that more spending would result in even more good things. Leef cautioned that policymakers shouldn’t buy into the argument since the paper doesn’t prove a causal relationship between a college degree and earning potential but “merely shows correlations between the group of college degree holders and the favorable outcomes.”