Selling a share of your future earnings is horrific and dystopian. It's also less evil than student loans.https://twitter.com/WSJ/status/907295234920468480 …
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Replying to @St_Rev
does modigliani-miller apply to humans any less than it applies to firms?
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Replying to @kushnerbomb
Asymmetric information is salient for individual humans. Agency costs are also significant.
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Replying to @St_Rev @kushnerbomb
A lump-sum debt exposes a new graduate to much higher risk than an income share. Analogous to regressive vs. progressive taxation.
10:17 AM - 13 Sep 2017
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.