Matt Welch interviews Ohio University Economist, Richard Vedder on the high cost of college educations the other day. Vedder notes that the high cost is largely a result of government funding by pumping up demand.
Watch his talk after receiving the Adam Smith Free Enterprise award from the American Legislative Exchange Council:
I've mentioned this quite a few times obviously, in this blog and everywhere else - but I bring it up now because it bears repeating, and it also is a direct parallel to what we've done with Health Care as well.
I know I wind up saying the same things over and over, but it's quite simple: If you artificially boost demand by using the power of government force + bottomless pit that is "taxation", and you don't have any way to boost supply at all - or worse, you actively work against it through restricting licensing and erecting barriers to market entry.... you get high cost!
Shouldn't be a surprise, but for whatever reason.......... The general public still seems baffled.