Uploaded August 2026 | Updated September 2026, 2 weeks ago

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Rock climbing walls. Lazy rivers. Chipotle in the dorm. Phil Magness points out that colleges are not really selling degrees, they are selling a lifestyle package, and none of it is free.

He and Lou Perez make the case that universities are marketing four years of self-discovery while burying the actual financial decision (the major) that matters.

Class is in session on this episode of Happy Hour Econ. No syllabus required. youtube.com/watch?v=DUW04StJnBo&list=PLXlD7XkCNv3U&index=1