Hacker News new | ask | show | jobs
by GreenPlastic 2871 days ago
If you've read Debt: The first 5000 Years, historically, debt has been one of the biggest factors in enslaving the poor. I think we'd be much better off with a system of credit instead of debt. For example, maybe instead of borrowing to go to school, a college gets 10% of your future wages for 5 years.
1 comments

I'm a fan of the public/military service as payment for higher education (or vocation educational, albeit for less time). It's possible to also serve and learn concurrently for a period of time.

1. Provides government with cheap, high-quality workers. 2. Teaches leadership, discipline and other necessary soft-skills.