Education Replaces Housing as the Bubble Machine By Froma Harrop
A modern knowledge economy thrives on highly trained workers. The way to get them, obviously, is through education -- from basic reading skills for some, to mastery of algorithms for others. It thus would seem a basic public good to provide that learning at little or no cost to students, which most advanced countries do. But America has turned post-high-school education into a taxpayer-subsidized business -- a business not unlike real estate at the height of the housing bubble.