Is it really surprising that when you underprice a commodity, the supply dries up? Another sign of the popping bubble of academia.
4 thoughts on “A Classic Example Of Economic Ignorance”
Comments are closed.
Is it really surprising that when you underprice a commodity, the supply dries up? Another sign of the popping bubble of academia.
Comments are closed.
Maybe they could get some of their economics professors to explain it to them.
Oh, wait…yeahhhh…
Wait a minute…if I open any business other than a learning institution, and I charge my fellow Texans a price much lower than that charged to non-Texans, doesn’t that violate the 14th Amendment or something?
There would seem to be an opportunity here for a school that actually operated in a cost effective manner. Even in California it should be possible to supply a professor and a classroom for $200k per year including rational overhead. At twenty students, that would be $10k per student per year. It shouldn’t be necessary to subsidize education that is in demand.
Now that this story is out, some kid’s parents will sue the state and win a couple $M, the courts, being stupid liberals too, will pay it AND damages thus sucking even more money out of the system.
John hare,
stop making sense, please.
This is CA schools. You can’t have all th touchy feely programs they MUST have, and graduate them dumber than they were 4 years ago, ALL for $10K per prof.