The Nearly Free University

With millions of third party payers artificially boosting demand for higher education it's very difficult to estimate the real cost of a college degree.

In this clip from the Tom Woods Show, author Charles Hugh Smith speculates about the cost of "higher education" in a free market.  Do you think it's closer to $120,000 or $5,000?

To learn more about the declining costs of education be sure to check out Charles Hugh Smith's new book "The Nearly Free University"...

Suppress Technology and Watch Prices Rise

Charles Hugh Smith explains why technology brings prices down for consumers:

Sorry to bring the bad news, Fed inflationistas, but technology is irrevocably deflationary. The exceptions are: regulations that require additional technology to benefit life safety, and entrenched interests that erect barriers to competition and new technology, for example, Big Pharma and the sickcare industry. 

When state-protected cartels rule the roost, costs go up no matter how much new technology is introduced. 

Source: OfTwoMinds.com