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Episode 296: Think Like an Economist

Words & Numbers

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The Price of Tuition Is Going to Rise by $10,000 a Year

There's an interesting phenomenon if you want to say a theme here, which is that if you look and it's not true in every case, but it's true in a disturbingly large number of cases. Take higher education as an example. We see tuition rising. How do we treat the symptom? The way we forgive student loans. And I guarantee you 12 months from now, October of 2023, the headline news pieces are going to be that the price of tuition skyrocketed by about $10,000 per year. Why? Because when you think like an economist, you realize that what's going to happen when we forgiven student loans is colleges and universities across the country will raise the

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