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I have been thinking of this article, in which I read recently. In its entirety I believe the author answers his own questions, in regards to barring entry to the market but does try to avoid that it is regulation in the one aspect where when regulation was repealed to let smaller competitors compete...
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How do government subsidies make college more expensive?
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The catch is the cartoon is 50 years old and very accuractly illustrates/predicts the inevitable an obvious consequences we have to face today. http://ow.ly/6tuN