Couldn't happen to a more craven group of rent seekers. Some predict half of all colleges will close in the next 15 years. It will result in a massive increase in wealth and productivity as these tenured toffs are forced to go out and do something productive - anything. And all of their greed in raising prices massively just guarantees that the collapse is going to happen much faster and the crash be much more painful.
Get your popcorn because never will creative destruction be more entertaining.
Hattip Instapundit.com
No comments:
Post a Comment