Posted on | May 16, 2012 | 34 Comments
. . . has any event in the history of Western civilization been more significant than the forthcoming publication of Professor Glenn Harlan Reynolds’s The Higher Education Bubble. This 56-page booklet, the 29th in the brilliant Encounter Broadside series, has been breathlessly awaited for months, in expectation that it will revolutionize our nation’s education system. Here is the publisher’s summary of this eagerly anticipated work:
America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting.
In this Broadside, Glenn Harlan Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support.
That’s about 120 words of a 7,000-word treatise destined to be remembered as one of the most profoundly influential documents in 21st-century intellectual history. How do I know that it’s 7,000 words? Because he told me about it over barbecue and beers the last time I was in Knoxville. And he picked up the tab.
Also — full disclosure — I’ve been procrastinating for two weeks on transcribing an interview I did with Harry Stein, whose excellent new book, No Matter What…They’ll Call This Book Racist: How our Fear of Talking Honestly About Race Hurts Us All, is also published by Encounter. So I really owe Roger Kimball and the fine folks at Encounter a solid, to say nothing of the obvious reasons I’d want to curry favor with Instapundit, who has thrown me a crapload of traffic over the years.
Furthermore — forget “full disclosure,” because my career by now is such a Gordian knot of shady ethical compromises I can’t even begin to count the potential conflicts of interest involved — there is the outside possibility that Roger Kimball and the fine folks at Encounter might be interested in a book I’d like to write.
INTEGRITY LIKE PAUL F**KING ANKA, BABY (And Other Great Riffs I Shamelessly Stole From Ace of Spades)
Well, that’s the working title, anyway. Kind of a work in progress that I haven’t actually started writing yet. I’m flexible, and if Roger and the fine folks at Encounter want me to turn it into a scathing tell-all biography of Millard Fillmore — hey, cool, whatever.
Call me, Roger. We’ll do lunch. Love ya, man.
Wait — hold on. We seem to have slightly digressed here . . .
Damn these psilocybin flashbacks. My point is that Professor Glenn Harlan Reynolds has written The Higher Education Bubble, which is due for publication on June 26. However, through special arrangement with Amazon.com, you can pre-order this forthcoming blockbuster now, and be among the first to own this $5.99 volume that is sure to become an instant classic.