Tuesday, May 29, 2012

Not Worth the Debt-Glenn Reynolds

Very good piece here about the education bubble in the US. 

"For students, piece of advice No. 1 is: Don’t go into debt"

Wow. Now there's a concept. 


"Debt is what gets people into trouble in bubbles: They borrow heavily because they think the value of what they’re buying, whether it’s a house or a tulip, will go up. When it stops going up, they’re sunk.
Today, the value of an education isn’t going up, but the price is. That’s a bad combination. So don’t borrow heavily."

Smart dude.

For more, read Instapundit. Great, great stuff always.