The education bubble, and bad statistics

Published May 25, 2011 4:00am ET



Few things cause writers to lose their critical faculties like the suggestion that college is overrated and often a waste of time and money. Jacob Weisberg at Slate, for instance, attacked Billionaire Peter Thiel for his “appalling plan to pay students to quit college.” I read Weisberg’s piece looking for his argument as to why this was “appalling,” but instead all I got was more assertion that this is a “nasty idea.”

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