Coming to Terms with the College Bubble

Compared to the bubbles facing China's policymakers and managers that we'll discuss in the next trend, the U.S. college bubble seems manageable. Yet any problem involving more than $1 trillion in debt and America's enormous store of human capital is a serious matter. What is the "college bubble?" Can it be resolved without creating a major economic disruption? What are the implications of the bubble and its potential resolution? We'll provide the answers.

For many years, market forces didn't seem to apply t.....