Daniel Coleman

Too many people are paying too much for schooling they don't need. But the machinery is in motion, and, even though the bubble in academia is well-known, personnel and resources are still being directed toward it at an incredible rate.

"The black market in information is simply individuals cooperating in order to manipulate their own private property."

The inevitable collapse — and the moral outrage of those it hurts — will continue for as long as the public buys into the myth that higher education (and its professors) are too important to have to keep their costs and production in line with consumer demand.