Is Peter Thiel right that US higher education is a bubble?

A trending rhetoric against higher education (as popularized by Peter Thiel) is that the cost of higher education outstrips its value in the marketplace. read more

To the question of whether an education bubble would play out the way Peter Thiel says it would the answer is no. The following is a description of a normal asset bubble. Normal bubble 1. The value of an asset class rises do to fundamentals. 2. Investors purchase the asset with the recognition that the price will rise. 3. read more

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. read more