The President says that “the best economic policy is one that produces more college graduates.”  No doubt this is best for colleges, which have been able to increase tuition faster than inflation, year after year, secure in the knowledge that they can rake in ever-rising government subsidies and skyrocketing tuition. 

Students have little choice but to pay inflated tuition bills to the education industrial-complex, as they vie with each other for scarce entry-level jobs by acquiring ever more degrees that show their ability to jump through hoops and master difficult (but largely useless) skills.