Products that cost more than they are valued tend not to be produced (or rather, there are no buyers), but that doesn't imply that everything is worth more than it costs.
Unless you value cost. The value of a degree comes from the story we tell ourselves, and paying $160,000 is part of that story. Most people wouldn't want to go to college if it was free; just look what people were saying when Seth announced his alternative MBA, or look at library participation among 20-somethings for that matter.
I don't know that library participation is so much relevant in the days of instant-access to the ammount of information that is available to us on the internet.
Unless you value cost. The value of a degree comes from the story we tell ourselves, and paying $160,000 is part of that story. Most people wouldn't want to go to college if it was free; just look what people were saying when Seth announced his alternative MBA, or look at library participation among 20-somethings for that matter.