There's a part of me that my brain wants to just fully accept these sectors, which happened to be

sectors from a policy perspective that I want to be reformed anyway, regardless of being drivers

of inflation or inflation pressure points. My brain wants to accept, yes, this is what needs to be

fixed. It's right in line with my own ideology. But I don't necessarily, I think, fully understand

how it is that, let's say, the fact of healthcare costs being high or education costs being high.

Ultimately, results in prices across the board, food costs, for instance, gas costs. I mean, I

know that that has some geopolitical drivers, but all these other kind of costs that we in total

call inflation broadly. How does that drive the other? Because also all of those costs in those areas

of transportation, education, healthcare, etc. has been high for a long time, even before we've

gotten into this inflationary spike. Sure. So a couple of things. Let's pick higher education as an

example, because it's really an interesting. It's not because the higher education industry is so

powerful. It's like a cartel of universities trying to dominate the market. It's actually a recipient

of inflation pressure points and other policy failures at the national level that creates that

high cost of higher education. If you go back three, four decades, what we started with was states

at the state level, reducing their contribution to state universities and colleges, public colleges.

As a result, they to stay in business, they have to raise the tuition. So now you raise the tuition,

you make it more expensive, but at the same time, thanks to financial deregulation and Wall Street

coming to help, you provide student loads so that you make the pain less painful, so to speak,

for students to go through college. But at the same time, those public universities and colleges

now open the floodgate for private universities to also raise their tuition, because it's a competition

type of system. But then to justify why you're charging so much and why college is so expensive,

you have to provide the infrastructure for it. So better quality dorms and lazy rippers and swimming

...