Thank you for presenting this perspective.
Also, in other developed countries (pick one in Europe), though the excellent services, skilled professors with good salary, well maintained buildings and resources and all exist, which were used as the reasons by the economists presented in your blog, the cost of education is nowhere close to the one in the United States. In fact, in many of them, the tuition is free, and there might even be some stipend for students. The absurd cost of education here, has to have some more reason on why it is so high.