HIGHER EDUCATION BUBBLE UPDATE: “To summarize, Ms. Massey is a drug-addled, mentally ill ex-stripper who has had the privilege of being educated first at the prestigious private New York University (annual tuition $46,170) and subsequently at elite Yale University (annual tuition $47,600), so that we might estimate she has consumed somewhere in excess of $300,000 in order to become a freelance writer. Considering that there are no real entry barriers to the field of journalism (Hunter S. Thompson became a Latin American correspondent in 1962 with no educational credentials beyond a high-school diploma), we must view Ms. Massey’s stunning profligacy as a typical example of The Higher Education Bubble.”
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