(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
Posted by matthewladner 
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