Instead of Student Loans, Investing in Futures - NYTimes.com - 0 views
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how do we finance something that is extremely valuable both for individuals and for society — something that, in most cases, should happen, but often won’t happen because the risks are too high?
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The best way is to spread the risk. That’s how insurance works. In Lumni’s case, students share the risk with investors, who make more or less based on how well the students do. But they also share it with one another.
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And, in effect, those who decide to become investment bankers end up subsidizing the ones who decide to become social workers. Since a good society needs many different roles fulfilled, everyone benefits.