Quote of the day

Apropos to a new federal report (PDF) about high college textbook prices and the consequent hand-wringing over the “proper federal role” in managing prices:

You might say that a high cost of production and a limited market size make textbooks a boutique item with higher end cost to consumers than mass-published books. But then you’d be a blind McCorporate whorepig. Obviously, the problem is a “flaw” in the market. Evidently “supply, not demand” is what determines how many textbooks are sold. The solution? Put all the textbooks online. The Advisory Committee on Student Financial Assistance deserves kudos for spending two months or more deciding that the Internet is the solution to our problems. [emph. added]

Read the whole thing.

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