Higher Education is a Racket

If college were another industry, everyone would be campaigning for reform. Instead, politicians are trying to push every kid in America into the current exorbitantly expensive system. So, one might ask:How could we get college costs under control?

We could eliminate college's role as a credential machine by allowing employers to give their own tests to prospective workers. Alternately, we could encourage the university system to be more responsive to market forces by creating a federal degree-granting body to award certificates to students who pass exams in a given subject.