Peter Thiel on the Bubble We’re In

Most bubbles are about seeking security and safety, and mitigating future risk. It’s about promise. PayPal co-founder and venture capitalist Peter Thiel thinks that we’re in a bubble, but it’s not internet-related—it’s higher education:

A true bubble is when something is overvalued and intensely believed. 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.

And the damage from the ensuing student loan debt:

You have to get rid of the future you wanted to pay off all the debt from the fancy school that was supposed to give you that future.

I’m biased, but I’m inclined to agree.