Education bubble?

I frequently suggest my readers go to Andrew Sullivan’s Daily Dish which has switched its affiliation recently from the Atlantic Magazine’s website to the Daily Beast’s site.

Today ( as of 9 am) there are a half dozen fascinating posts. I’ve followed the Ayn Rand posts for a couple days and there is one on an XBox video game send up of Rand that has been interesting. Rand, someone I was only dimly aware of during the Age of Aquarius, has developed a new following. My son knew more about her books than I did and had already formed a healthy skepticism of her cartoonish super man slant.

I found this link on another Dish thread and I found this analysis very interesting and perhaps prescient:

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 think this is the sort of mania that herded Dixon’s cats into their Red Plan frenzy. Now they have bricks instead of teachers to pay off for the next two decades.

I think Thiel has the right idea. He honors the student not the student’s credentials.

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