Education Arbitrage

From Chicago Boyz:

I think this is the coolest thing I’ve seen to hit the slow as morass world of education. Jonathan coined the phrase in response: “education arbitrage.” What a fantastic idea.

I agree – unlimited tutoring hours from an experienced Indian teacher for $100/month. Another example of globalization making life better for the not-rich. I can’t wait to see the teachers’ unions position on this one. Definitely read the whole thing.