The University of California’s decision to build a new campus at Merced is looking more and more foolish. Not enough students and an impending money shortage, as this story from the Modesto Bee indicates.

California also wants to squander lots of money on a new law school at UC-Irvine.

As Milton Friedman so often said, “No one spends other people’s money as carefully as he spends his own.”

Hat tip: Velma Montoya.