A bubble is different than inflation - something I proved here and here. And first discussed here.
Why does Glenn Reynolds - the Instapundit and Amazon spokesperson/salesman extraordinaire persist in misapplying the term?
[ASIDE: I mention the Amazon aspect because it's the one thing Reynolds blogs about more than he blogs about "THE HIGHER EDUCATION BUBBLE. It's like one out of every ten posts!:
Hmmm: what if Michael Barone or Charles Krauthammer or.. Paul Krugman put a commercial link in every column????]Posted at by Glenn Reynolds on Jul 29, 2011 at 11:00 pm LinkONCE AGAIN, thanks to everyone who shopped via the Amazon links on this site. By doing so you put a little money in my family’s pocket at no expense to you. It’s much appreciated. Thanks!
Anyhow, why does Reynolds persist?
SIMPLE: he likes the sound of the Housing Bubble, so he's misapplying it to higher education INFLATION in order to sensationalize the problem.
AND YES: there is a problem: higher education costs too much.
AND YES: It's a big BIG problem now because for all intents and purposes we are in a RECESSION, one that is worse than previous ones - and one reason it's worse is that it's effecting white collar jobs held by people with advanced degrees, something not true of prior recessions. so hiring.
GLENN CONSPICUOUSLY AVOIDS A KEY REASON HIGHER EDUCATION IS AN EXPENSIVE RIP OFF WHO PRICE HAS CLIMBED AT A RATE MUCH HIGHER THAN INFLATION:
TENURE.
Could it because he is tenured?
I think so.
UPDATE: ADDENDUM:
When I take on the jihad and Obama and PC, bloggers all over the internet link or compose their own takes.
But nobody has ever touched any of my posts criticizing THE INSTAPUNDIT.
I think you bloggers are all frightened of the BLOGFATHER - worried that criticizing the INSTALANCHER will hurt traffic. Ditto my posts detailing how WEASEL ZIPPERS steals posts.
IT'S PATHETIC.
Sigh.
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