Taleb's 2012 book "Antifragility" discusses the state of university education and student loans: "Harvard is like a Vuitton bag or a Cartier watch. It is a hug

Taleb's 2012 book "Antifragility" discusses the state of university education and student loans: "Harvard is like a Vuitton bag or a Cartier watch. It is a huge drag on the middle-class parents who have been plowing an increased share of their savings into these institutions, transferring their money to administrators, real estate developers, professors, and other agents. In the United States, we have a buildup of student loans that automatically transfer to these rent extractors, In a way it is no different from racketeering..." On the future of education: "My answer: BS is fragile. Which scam in history has lasted forever? I have an enormous faith in Time and History as eventual debunkers of fragility. Education is an institution that has been growing without external stressors; eventually the thing will collapse." - "Antifragile", Chapter 17 (last 2 pages) - Nassim Nicholas Taleb