HIGHER EDUCATION BUBBLE UPDATE: Why I Let My Daughter Get a ‘Useless’ College Degree: A new study from the Federal Reserve offers more evidence that my humanities-loving child will graduate with lots of debt and not so many job offers. And I’m OK with that.

I will say, though, as I’ve said before, that it’s not a “useless” degree if in fact it teaches students “to think critically and analytically, read widely and write well.” There’s a real need for people who can do that. But, of course, most humanities programs don’t do that any more.