http://disqus.com/by/PerfectZero/enTue, 13 Jan 2009 22:39:02 -0000http://blog.jamtoday.org/post/70265208#comment-5105649<p>Interesting perspective, but wouldn't education prices have to be significantly higher than, not approaching, their intrinsic value to be "at variance?" Since the present value of a college education has been higher than the cost (historically, and probably still currently), you could consider higher education itself as a form of arbitrage. It makes sense then that the cost would eventually increase to equal to the present value, but I'm not sure they're high enough yet to label it a bubble.</p>PerfectZeroTue, 13 Jan 2009 22:39:02 -0000