IN DEFENSE OF THE USELESS UNIVERSITY. I think that knowledge for its own sake is great. I just don’t think it should be purchased with massive quantities of borrowed money. And I’m betting that Socrates would have agreed. A Ferrari is beautiful, too, but we don’t encourage 18-year-olds to mortgage their futures for one. Meanwhile, I’m not so sure that the flow of academics from other countries to the U.S. disproves the notion that the U.S. is experiencing a higher education bubble. Rather the contrary, I would think.
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