Perception and price inflation may drive university costs

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  • procuradorfiscal Tooele, UT
    Oct. 1, 2012 3:03 p.m.

    Re: ". . . Trachtenberg spent some of the excess tuition revenues on needless amenities . . . ."

    Don't blame just him -- it's the higher-Ed/politics cartel that's really to blame.

    Just as it's the medical/political cartel that must be blamed for the deranged and unconscionable increase in medical costs.

    And, the methodology is the same -- disconnect consumers from actual costs.

    Once consumers no longer track or pay for services, unscrupulous industry insiders are free to inflate them without a competition penalty. In fact, as the article indicates, false perceptions created by the industry may even create a perverse competitive advantage to anti-competitive practices.

    Deranged, unaffordable higher Ed has already priced itself out of the market and will soon kill itself off. Same with traditional patient care.

    They've both run out of other people's money.