During the pandemic from 2020 to 2021, Congress dropped $190 billion to help reopen schools, provide tutoring, and assist with remote learning. The results? Fourth graders' math scores have plummeted 18 points from 2019-2023, eighth graders’ have dropped 27 points - the worst decline since testing began in 1995. Adult literacy is deteriorating too, with Americans in the lowest literacy tier jumping from 19% to 28% in just six years. Are we watching the collapse of academic achievement in real time?

In this episode, education policy veteran Chester Finn joins us to examine this crisis and potential solutions. Drawing on his experience as a Reagan administration official and decades of education reform work, Finn discusses why accountability measures have broken down, whether school choice can right the ship, and if the federal government's education R&D enterprise is fixable. Joining the conversation are FAI's Dan Lips and Robert Bellafiore, who recently authored new work on leveraging education R&D to help address America's learning challenges.

This is part one of a two-part series examining the state of American education and exploring paths forward as a new administration takes office with ambitious - and controversial - plans for reform.