Can we pack the entire human race into Missouri, the “Show Me” state? We might as well try, because when it comes to making important decisions, we humans have a bad habit of not heeding warnings when we don’t like the consequences. Why do we acknowledge risks only after we experience the downside firsthand?
Economist Daniel Altman acknowledges that the student loan industry in the United States is a disaster. The obvious solution of government intervention by way of forgiveness could make things even thornier. Rather, Altman imagines a scenario where students could sell shares of their future income to fund their education.
Daniel Altman is Big Think's Chief Economist and an adjunct faculty member at New York University's Stern School of Business. Daniel wrote economic commentary for The Economist, The New York Times, and The International Herald Tribune before founding North Yard Economics, a non-profit consulting firm serving developing countries, in 2008. In between, he served as an economic advisor in the British government and wrote four books, most recently Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy.