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Education bubble?

Saw an interesting story out there floated by various economists and think-tanks stating the next “bubble” of economic collapse will come from the higher education industry (and believe me, it’s an industry, as evidenced by my $340 monthly payment to Citibank Student Loans)…

From Tech Crunch’s article by Sarah Lacy:

“Instead, for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”

I love being in school, and being a student. I’m a knowledge sponge in topics that interest me. I respect teachers and professors. But the way our education system creates a nasty cycle of coziness disturbs me – from the tuition, books, technology/software, and expenses we all pay for that come out of student loans and go right back to big corporations with no regard for their customers.

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  1. Latest blog posts | Brian Mortensen on Monday, May 2, 2011 at 12:53 am

    […] Education bubble? Saw an interesting story out there floated by various economists and think-tanks stating the next “bubble” of economic collapse will come from the higher education industry (and believe me, it’s an industry, as evidenced by my $340 monthly payment to Citibank Student Loans)… From Tech Crunch’s article by Sarah Lacy: “Instead, for Thiel, the bubble […] […]

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