Idea Debt

Idea Debt is when you spend too much time picturing what a project is going to be like, too much time thinking about how awesome it will be to have this thing done and in the world, too much time imagining how cool you will look, how in demand you’ll be, how much money you’ll make. And way too little time actually making the thing. If… You tell 15 friends about your screenplay idea, but devote zero time in your week to facing the blank screen. You buy a domain name, spend weeks or mont...

 Student Loans will Exceed $1 Trillion

Two things, however, are clear. The size of student debt is vast (see chart), and lots of borrowers are struggling. More than 10m students took out loans for the latest academic year, according to a report issued on October 26th by the College Board, a consortium of academic institutions. Almost a third of students graduating from college, and 69% of the ones dropping out, hold debt tied to their education. The total amount of debt is staggering. The New York Federal Reserve Bank puts it at ...