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The Education Bubble
Media Asset
Author: B. T. Donleavy
Online Publish Date:
Category: Booms and Busts, Education, Taxes and Spending
The average range of tuition inflation is normally 8% annually, and prices have not fallen or stabilized once since 1977, regardless of economic climate. This symptom may be attributed to cheap and accessible money, writes B. T. Donleavy. This audio Mises Daily is narrated by Steven
The Education Bubble
Mises Daily
Author: B. T. Donleavy
Online Publish Date:
Category: Interventionism, Booms and Busts, Education, U.S. Economy
[An MP3 audio file of this article, read by Steven Ng, is available for download .] In the advent of the worst financial crisis seen in decades, there is much to be learned. Many economists agree that creating false demand will eventually create a bubble and crush a market much faster than the natural economic cycle. Take for instance the student