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Cronyism, Corporate Welfare, and Inequality

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CHAPTER

The Price of Education Has Not Remained That Affordable

Dylan: I remember growing up playing video games as well and it's certainly my experience with video games in the 80s is very different than what my children, he has a 13 year old and a 10 year old. Why is something like a video game? They pour so many resources into it and then it looks amazing sometimes. The improvements are just through the roof. And yet you look at education and not only is it more expensive, it is outpacing inflation by, you know, almost orders of magnitude. Dylan: Help us out. Anyone like me listening and noticing this phenomenon but not really knowing the economics behind it. How can we explain this? It's a great analogy that

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