We could build new universities. Take up the slack in all the excess PhD's, increasing the supply of good secondary education, and help stave off exploding tuition costs. Build it from scratch like Carnegie Mellon, Stanford, or Olin. Who is "we"? I dunno, some rich guy maybe.
and each department at said university will employ what, 20-30 PhDs in each department? who themselves will then go on to produce a pile of new PhDs in their career?
at what rate would new universities have to be constructed in order for this to do anything meaningful about the issue?
