An introduction

This is a semi-public place to dump text too flimsy to even become a blog post. I wouldn't recommend reading it unless you have a lot of time to waste. You'd be better off at my livejournal. I also have another blog, and write most of the French journal summaries at the Eurozine Review.

Why do I clutter up the internet with this stuff at all? Mainly because I'm trying to get into the habit of displaying as much as possible of what I'm doing in public. Also, Blogger is a decent interface for a notebook

Monday, April 11, 2011

The education scam

Oh boy, I find myself agreeing with Peter Thiel:

Instead, for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is over-valued 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.”

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.
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