How Much Will Bill Gates' Children Pay for College?

Greg Mankiw, Chairman of Harvard University’s Economics Department and a wonderful blogger, has this to say about tuition pricing:

“In the future, Harvard will cost $1 billion a year, and only Bill Gates’s children will pay full price. When anyone else walks through the door, the message will be “Special price, just for you.”

For this, and more, visit Greg Mankiw’s Blog: Random Observations for Students of Economics.