I was all prepared to summarize what Dr. Margaret Raymond had to say about Stanford's latest study from its Center for Research on Educational Outcomes (CREDO), which Raymond heads, at today's City Club of Cleveland event.

How only in Cleveland does it appear that Ohio's charter school sector is providing meaningful, positive benefits to kids. Or how CREDO's methodology works (averaging kids in traditional public school buildings and comparing these "virtual" kids' performance with real charter kids). Or how Ohio's charter school sector has been making very minimal improvements over the years. Or that the state's charter reform initiatives over the last few years haven't had much impact on charter school performance. Or that Cleveland charters are doing a good job educating poor, minority kids. Or that 93% of Ohio charter schools' proficiency scores are below the 50th percentile in the state. Or that 44% of charter school kids are seeing low growth and performance.

But then, in response to a question from the audience nearly at the end of the event, Dr. Raymond dropped this on the crowd: She said she's a "free market kinda girl", but after decades of looking at the nation's charter school sector, she has come to the conclusion that the "market mechanism just doesn't work" in education. Here;s the podcast from the City Club. Her market comments start at 50:18. Here is the remarkable commentary:

I actually am kind of a pro-market kinda girl. But it doesn’t seem to work in a choice environment for education. I’ve studied competitive markets for much of my career. That’s my academic focus for my work. And (education) is the only industry/sector where the market mechanism just doesn’t work. I think it’s not helpful to expect parents to be the agents of quality assurance throughout the state. I think there are other supports that are needed… The policy environment really needs to focus on creating much more information and transparency about performance than we’ve had for the 20 years of the charter school movement. We need to have a greater degree of oversight of charter schools. But I also think we have to have some oversight of the overseers.

Considering that the pro-market reform Thomas B. Fordham Foundation paid for this study and Raymond works at the Hoover Institution at Stanford -- a free market bastion, I was frankly floored, as were most of the folks at my table.

(Read more at 10th Period)