DEGREE BUBBLE:
Victory of Prof’s need to earn over students’ need to earn.
1. stocks crashed
2. land values crashed
3. Lib Arts Univ. system currently crashing
Degree bubble is right. View college as a system of pushing as many paying customers through the door as possible, whether or not they need the product. The government gives them the means to go and because of the subsidy, college prices simply keep going up. Its a racket to make college professors and administrators rich. And it has nothing to do with whether the student/customers actually need the product.