In response to:

The Higher Education Bubble: Ready to Burst?

2Jael Wrote: Sep 06, 2010 6:22 PM
Peruse any college catalog and see the proliferation of women's studies, ethnic studies, revisionist history, and the dreck that passes for literature these days, and you will learn all you need to know about the decline in value of a modern college education.
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Hal Donahue2 Wrote: Sep 06, 2010 7:00 PM
What is your degree and where did you receive it from?
Edges Wrote: Sep 06, 2010 8:25 PM
What is YOUR degree and where did you receive it from?
Hal Donahue2 Wrote: Sep 06, 2010 8:32 PM
Colgate University, Economics
bhan999 Wrote: Sep 07, 2010 12:36 AM
So you have clean white teeth but you cannot clean up your dangling participles?
Ken6226 Wrote: Sep 07, 2010 3:30 PM
When Hal says he went to "Colgate University", he probably means he got a mail-order degree from some diploma mill that he saw advertised on a tube of Colgate toothpaste.

Imagine that you have a product whose price tag for decades rises faster than inflation. But people keep buying it because they're told that it will make them wealthier in the long run. Then, suddenly, they find it doesn't. Prices fall sharply, bankruptcies ensue, great institutions disappear.

Sound like the housing market? Yes, but it also sounds like what Glenn Reynolds, creator of instapundit.com, writing in The Washington Examiner, has called "the higher education bubble."

Government-subsidized loans have injected money into higher education, as they did into housing, causing prices to balloon. But at some point people figure...