Laissez-Faire Learning - David Greenwald - Mises Daily

Laissez-Faire Learning - David Greenwald - Mises Daily: "Since it is obvious that the wealthiest few have far more purchasing power per capita than those in the middle- and lower-income strata, why does the market not produce only for the former group and leave the latter two homeless and starving?"

To paraphase, high price initially limits products to the rich, but high price also encourages competition that drives down the price.

"Education, if it is to be worthy of the name, demands a method opposite to that of bureaucratic management and entirely irreconcilable with it. It requires flexibility, parsimony, innovation, and above all, a means of daily subjecting the producers of educational services to the competition of their peers and the approval or disapproval of their clients."