For the record, I’m not American nor live in the US, but I have a 19-year-old son who started attending the University of Chicago this year, studying economics. Just the tuition itself is $70k. My husband and I are lucky enough to be able to afford it - I still believe it’s an outrageous amount of money to attend college.
And if the university of Chicago is that “Chicago school of economics” then this kid is going to come out the other end repesting close to what you said, but as a positive. :(