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When people say that college isn't worthwhile and paying all this money isn't worthwhile, I really disagree. I think those experiences and those classes that may not necessarily seem applicable in the moment end up coming back to you time and time again.

Colleges would compete by adding professors, enhancing programs, or building nicer facilities. So they competed by making institutions better.

Colleges would compete by adding professors, enhancing programmes or building nicer facilities. So they competed by making institutions better.

By giving professors jobs for life, universities create a feeling of unanswerable power among too many. Tenured professors who are uninterested in serving the student body are less likely to respond favorably to criticism, and are more likely to feel the freedom to intimidate or harass those with opposing viewpoints.

College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.

Overhead costs are far too high, state support is dropping, and college tuition is far too expensive. Colleges are pricing themselves out of existence.

College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.

A university is what a college becomes when the faculty loses interest in the students.