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The education bubble shows signs of bursting.
"I don't think there's anything controversial about an education bubble," he said.
Instead, Thiel is devoting much of his fortune to finding a cure for aging, bursting the education bubble, and jump-starting space travel and artificial intelligence.
X and his wife got snookered in the housing bubble, and he wonders if the misery in his classroom might result from a similar education bubble.
Surowiecki, who has previously written about the public discussion of an "education bubble," says that it might never be possible to contain the tuition explosion.
These startups are good and useful in a way that cheap, pump-and-dump student housing created to serve a short-lived education bubble isn't.
Similar(25)
Today, the for-profit-education bubble is deflating.
MICHAEL RYALL, of the Rotman School of Management at the University of Toronto, says that he has always been a sceptic about the higher-education bubble.
Of course, a college-education bubble wouldn't look exactly like a typical asset bubble, because you can't flip a college degree the way you can flip a stock, or even a home.
And that has raised the spectre that we might be living through a "higher-education bubble," in which Americans are irrationally borrowing money to spend more on college than it's actually worth.
It has become a journalistic tic to refer to swelling tuition costs as a higher-education bubble on the verge of bursting, but the numbers are there.
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