PayPal and the Higher Education bubble. This overly direct article gives a lot to think about if you think your life depends on college. Are you in the bubble? I highly recommend it since I think our world is lost and it’s a good idea to think about how far you want to go with it.
Like the housing bubble, the education bubble is about security and insurance against the future. Both whisper a seductive promise into the ears of worried Americans: Do this and you will be safe.The excesses of both were always excused by a core national belief that no matter what happens in the world, these were the best investments you could make. Housing prices would always go up, and you will always make more money if you are college educated.
I would draw one crucial distinction. We stretch the truth a little when we suggest that what is taking place in our colleges can aptly be called education.
