Financial self-help rhetoric collapses into absurdity when applied to student debt

Evidence

Having trouble with those student loans? Just incorporate yourself, and get some venture capitalist to stake your latest bright idea (should you have one), and maybe you can finance your very own way out of the bind. Certainly that’s what Shiller did, by monetizing his ideas as chief economist of MacroMarkets LLC! — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 965

Categorization

• XREF: Ties to the earlier treatment of Shiller and to critiques of financial literacy as a substitute for structural reform. — connects to: Student-loan deferral programs compound debt by capitalizing unpaid interest — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 309

Broader Connections

• Student-loan deferral programs compound debt by capitalizing unpaid interest #exemplifies (0.85) — Dorothy A. Brown, The Whiteness of Wealth, 309