There have been 101 government inquiries of one sort or another into Australian teacher education since 1979. Most have presumed or documented concerns about the performance of teacher education. However, there has been little impact from the reports of these many inquiries. This article argues that in the absence of compelling evidence of differential effects of well- or poorly-organized programs, or well- or poorly-funded programs, there is no likely end to the stream of reports and no reasonable hope of restoration of adequate funding.