Industrial Insight

Education bubble?? | April 19, 2011

Monday, April 18, 2011 3:12 AM

The “Education Bubble”; Student Loan Debt Passes Credit Card Debt, Expected to Hit $1 Trillion

Peter Thiel, co-founder of PayPal says We’re in a Bubble and It’s Not the Internet. It’s Higher Education.

“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.

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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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