Inflation. Deflation. Stagflation. Conflagration . . . What's going on here?
The answer to that question is twofold: (1) Uncontrolled spending and (2) Free-market forces. In the case of Answer #1, we can look at any number of state universities that have been on an administrative and managerial feeding frenzy, hiring staff and faculty at a rate seemingly oblivious to the financial realities of their respective state governments.