“Will Higher Education be the Next Bubble to Burst?” So asks a recent op-ed in the Chronicle of Higher Education. The question is powerful. Data points:

• Over the past quarter-century, the average cost of higher education has risen at a rate four times faster than inflation—twice as fast as the cost of health care.

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David Frum is editor of FrumForum.com and the author of six books, including most recently COMEBACK: Conservatism That Can Win Again. In 2001 and 2002, he served as speechwriter and special assistant to President George W. Bush. In 2007, he served as senior foreign policy adviser to the Rudy Giuliani presidential campaign.