We’re well beyond $1 trillion in student debt and everyone is starting to not only notice but ask what’s that doing to society. Larry Doyle at the Daily Markets wrote a nice piece summarizing some of the “collateral damage” that inspired my own list: Debtors unable to marry because the spouse doesn’t want the debt. [...]
One friend of mine heard about a big $300+m gift to a college and said point blank, “That’s like giving $300m to Walmart or McDonalds.” The schools had ceased to be a charity in his mind. They were just money-grubbing businesses to him and I learned from his insight. Jonathan Meer and Harvey Rosen try [...]
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