Everyone agrees higher education is in crisis—tuition rising ten times faster than the price level, administrative bloat, a looming demographic cliff, collapsing public confidence. Answering the claim that education is a special good beyond ordinary economic analysis, he shows that what markets actually deliver are discrete units of educational goods and services, and that standard Austrian analysis applies as readily here as to shoes. Following Rothbard, Klein’s answer is the separation of education and state—with the Mises Institute itself as a working example. Recorded at the Mises Institute in Auburn, Alabama, on July 23, 2026. Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.