So obviously college tuition increases by an obscene amount year over year not because it's getting that much more valuable or less efficient, so it's got to be something else. I've always assumed that the college tuition bubble was perpetuated by the government offering student loans/grants to just about anyone even if they go on to study Art History or whatever, creating artificial demand from those whose wouldn't want/be able to go to college if those loans were not available.
But isn't it possible that the Federal Reserve is largely responsible for it as well? Or is it just simply a matter of supply and demand?
The dollar has been devalued about 98% in gold since the Fed's inception and obviously the money printing has exploded in recent years. Couldn't this explain why prices continue to climb in education, and even healthcare?
Look at this chart of Yale tuition priced in gold. Check out what it's done since 2000.