Instead, for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”This would be bummer news for me. Although, I'm pursuing further education because someday I'd like to teach at the higher education level. I suppose that's different than just assuming it's a good investment and more education would mean more money.