(Guest Post by Matthew Ladner)
I mean maybe? Just a little bit? Massive direct and indirect subsidies and encouragement to take on debt creates Baumol’s cost disease on steroids. Oh and by the way, take a look at that mid-aughts increase in housing prices, and then compare that to the higher education bubble, and consider all the trouble the housing bubble caused.
HT Kingsland, Buchanan and Parlapiano, BLS