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"...
