College degrees generally? Sure, I agree - the market doesn't need a lot of them. I think there's a lot of market demand for certain capabilities though - spec

College degrees generally? Sure, I agree - the market doesn't need a lot of them. I think there's a lot of market demand for certain capabilities though - specifically capable software developers. Maybe there's an argument that there's not enough intellectual capacity to meet this demand, but I think it's more an issue of opportunity (Lambda's student success seems to be evidence of this). I guess I'm not convinced there's oversupply generally as much as there is an oversupply of certain non-economically viable majors (because of this incentive problem). For the free college, even with those restrictions (which are good), I'd argue it doesn't relieve the incentive alignment problem with the colleges themselves (so it harms potential ISA competitors without solving the underlying problem).