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Slavery, Indentured Servitude, and the Problem of Financing Education
The Answer Is Transaction Costs
Invest in Futures: Unlocking Education Returns
Investing in education presents a significant opportunity for higher returns, particularly when comparing initial investments in a child's education to later ones. However, trust and access to financial mechanisms to facilitate these investments inhibit progress. The concept of developing financial instruments to allow investment in individuals' future earnings, similar to stock investments, could bridge this gap. Transaction costs are the primary barrier, resulting in ineffective alternatives that do not maximize the potential educational return on investment.
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highlights
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