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The National Inflation Association believes that the United States has a college education bubble that is set to burst beginning in mid-2011. This bursting bubble will have effects that are even more far-reaching than the bursting of the Real Estate bubble in 2006. College education could possibly be the largest scam in U.S. history.
The late Murray Rothbard, famous Austrian economist and libertarian, published a collection of essays under the title Making Economic Sense. One subsection was entitled "Politics as Economic Violence." That phrase described, in Rothbard's view, politics' contribution to society.
We have a college education bubble in America that was made possible by the U.S. government's willingness to give out cheap and easy student loans.