If you were university president, Harvard, Yale, Stanford, one of these places, and you had some secret fantasy of getting lynched, and you wanted a coalition of alumni, students, faculty, to come after you, you'd give a speech saying, you know, we are giving such a great education that we're going to increase the enrollment. We're going to let more people in. We're going to double or triple our enrollment over the next 20 or 30 years. You know, since we're serving the whole world, you know, in 1970, there were 200 million people in the U.S. Now they're 8 billion in the world. It's 40 times many people. people are just going to double our enrollment. It'll still be, and you would get lynched because people understand it is a zero-sum tournament.

It's not a positive sum education. It's not about education. It's a studio 54 nightclub you're running.

And, you know, for what that is, it can be pretty robust for a long time.

There's probably some point where it gets so deranged that...

I mean, we're effectively there.

I honestly have to say that where we are now,

there's a brilliant novel out.

I've interviewed the author on my radio program, Scott Johnston.

It's called Campus Land.

And it is brilliant. It's called Campus Land. And it is brilliant.

It's a brilliant criticism, lampooning of the whole world of, you know, Ivy League culture,

but generally higher ed. And you see that it eats itself at some point we're kind of at that point how long

can it sustain itself i mean uh again i say the same thing about the new york times the new

york times has value because people say it has value but when you really look at these places

at some point the word has to get out to the alumni,

to the parents. It's not as good as it used to be. It's not what it once was. Somehow that,

I mean, you have to allow that it's possible to have that kind of a, we can call it a market

correction. It has to be possible. And I would have predicted it 30, 40 years ago. So it's been, it's been harder. I'm not saying

like next decade I'm, you know, I think they may finally break this decade. But it's, there's

probably something about the student debt that's unsustainable. And we had 300 billion in 2000. It's up to 1.7 trillion today.

So I think there are certain trends that I can't see going on for another decade even. And so I think

something is going to break. Isn't it a little bit like the Soviet Union? Not so clear.

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