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J.K. Lund's avatar

Great article from Gale. TVs have gotten much better (and cheaper) because of technological improvements. Education, on the other hand, has gotten more expensive. I did a deep dive on this topic some years ago, it is quite evident that government-subsidized loans are the primary factor driving up the cost of education.

When the govt subsidizes something, it will also add regulations. The regs, naturally, favor incumbent players and tend to “lock in” the costly and low-productive nature of the industry.

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Ed Kless's avatar

Love this. I would call it a time-price inversion!

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