It's a huge issue that the vast majority of people remain delusional about. It bears repeating. Did you complain about prescient analyses of the housing bubbl

It's a huge issue that the vast majority of people remain delusional about. It bears repeating. Did you complain about prescient analyses of the housing bubble, too? "Bubble" might not be a good choice of term for this case because bubbles pop with some dramatic short run consequences. The only way that happens is if the student loan machine suddenly breaks down, and in that case the driving issue will be a broad credit crisis, not the bursting of the education bubble. More realistically diplomas just start "trading" lower and lower over time, as more people and employers simply don't care.