Compare to: If everybody can read, reading loses value.

If everyone has sanitised water it loses value.

Value is the overloaded word. We don't need to scarcity things so dollar number goes up for some elite group.

A good test is forget money and think of human collaboration. People doing things. Does it makes sense from that perspective.

Best way to scale Harvard is easy: make all the other places better (or if they are make people realise that)

Maybe so, but also then everyone has a Harvard degree, which is MUCH MUCH better for society than a Harvard degree losing value is bad.

Of course if you're an ignorant right wing anti-intellectual climate change and evolution denying religious fanatic, the idea of everyone having a Harvard degree is existentially terrifying for other reasons that it losing a little bit of value.

> Maybe so, but also then everyone has a Harvard degree, which is MUCH MUCH better for society than a Harvard degree losing value is bad.

Is it your opinion that Harvard could provide the same quality of education to an unlimited number of students?

This isn't a right/left scenario, its logistics and market dynamics. Expanding access to a scarce resource means value of that resource goes down. A supply glut doesn't mean the product is any less useful, just that there's more for it so people will get to pay less for it.