The Higher Education Racket, Part II

The Higher Education Racket, Part II

In Part I of this series, I shared a very amusing video from Bill Maher about how colleges and universities have become “luxury day-care centers.” I then added some of my analysis to show that government subsidies – such as student loans – were the underlying...
A Helpful Correction for the New York Times

A Helpful Correction for the New York Times

For years, I’ve been explaining that students have been hurt rather than helped by government programs to allegedly make higher education more affordable. How can this be true? For the simple reason that colleges and universities dramatically boosted tuition...
Plastic Surgery and Third-Party Payer

Plastic Surgery and Third-Party Payer

Most people would say high prices are the biggest problem with health care in the United States. But high prices should be viewed as the symptom of the real problem, which is “third-party payer.” And what is third-party payer? It’s the fact that consumers purchase...