Tuesday, December 6, 2011

The recession and the menacing higher education bubble

In the world of finance, there is always talk of bubbles: mortgage bubbles, tech stock bubbles, junk bond bubbles. But bubbles don’t develop only in financial markets. In recent years, there's been another one quietly inflating, not capturing the attention of most observers, an education bubble! Education is becoming too expensive and graduates with huge amounts of debt cannot help stimulate the economy because their debt is a serious burden on their lives and their spending habits.

http://communities.washingtontimes.com/neighborhood/conserving-freedom/2011/nov/30/looming-recession-higher-education/

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