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Chris DeMuth Jr.
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"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
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  • Chart Of The Day – Friday, September 27, 2013 7 comments
    Sep 27, 2013 11:38 AM

    (click to enlarge)

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  • SafisKusai
    , contributor
    Comments (237) | Send Message
    this relates to your post on the efficiency curve. you could probably find a pretty good correlation of that college tuition line with federal student aid. If students are gonna get all this new free money, why not raise the price?!
    27 Sep 2013, 12:20 PM Reply Like
  • arbtrader
    , contributor
    Comments (252) | Send Message
    That happened in SC when the Lottery money kicked off a subsidy to all in-state resident students. Within a year or two the tuition went up exactly that amount and all the state schools commenced an orgy of building new facilities....
    27 Sep 2013, 12:53 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5418) | Send Message
    Author’s reply » Exactly. Massive artificial demand appears to impact the price... precisely as one would expect.
    27 Sep 2013, 02:34 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5418) | Send Message
    Author’s reply » Government intervention would work so much better if we could just get the market to stop reacting.
    27 Sep 2013, 02:35 PM Reply Like
  • arbtrader
    , contributor
    Comments (252) | Send Message
    The only thing that would make that chart better is another line showing average starting salary of a college grad overlaid on the chart.


    Just a WAG but probably it is not up 1140%.......(haha)
    27 Sep 2013, 12:23 PM Reply Like
  • Pine Research & Trading
    , contributor
    Comments (164) | Send Message
    subsidized vs. not? i'm guessing that is your point. you could probably add farmland on the subsidized. housing, too.
    there was once a comment (can't recall where) that lobsters and nat gas were the only two "pure" price markets.
    27 Sep 2013, 12:49 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5418) | Send Message
    Author’s reply » Yep, that was the point. One of the hardest things about the public policy debate is listening to "the market" blamed for ills regarding topics in which the market has not yet been tried.
    27 Sep 2013, 02:37 PM Reply Like
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