By Niall Ferguson
It’s not only Facebook stock that Silicon Valley superstar Peter Thiel is selling. He’s shorting higher education, too, arguing that college is the new asset bubble—the natural successor to subprime. Remember when we all believed that a home was an investment that would never lose money? Now, Thiel argues, exactly the same thing is being said about a degree.
I discovered this article through the Family Research Council’s excellent new site, Save Me From College Debt. I plan to return often, as this subject has become something of a passion for me. FYI, on September 27, FRC, in our nation’s capital, is offering an event with economic researcher Andrew J. Gillen and financial counselor Sophia Ephraim to discuss the college debt crisis. Here’s the contact info:
Family Research Council: 801 G Street N.W. Washington, D.C. 20001
P: 202/393-2100 or 800/225-4008 W: frc.org.