How Many Law Schools Need to Close? . . .

[redcliffsw]

As I have often noted, graduating 50,000 PhDs in chemistry annually does not automatically create 50,000 jobs for the graduates.

One quick way to discover price and demand would be to eliminate all student loans. Once students could not borrow money, the cost of higher education would collapse to a cash-value level. The number of colleges and universities would plummet, and supply and demand would soon find a new equilibrium, minus the debt-serfdom.
-Charles Hugh Smith

Read on:
http://charleshughsmith.blogspot.rs/2016/06/how-many-law-schools-need-to-close.html