Another day, another scandal. This one involves higher education in America which, come to think of it, was something of a scandal already. The cost of a college degree has risen far more dramatically over the last few years than the consumer-price index. Over the last 40 years, college tuition and fees increased by 1321%. The cost of health care, where prices are routinely assumed to be out of control, rose by just over half that much.
Health care is, of course, something we literally cannot live without, so we pay up and complain about it and, in some cases, vote for Bernie Sanders who promises to make it free. Which recalls P. J. O’Rourke’s immortal insight. “If you think health care is expensive now, just wait until it is free.”