Borrow While It’s Cheap

Ben Furnas points out that with the government able to borrow money at low, low rates, now would be a good time to invest in education. He cites these rates of return:

That’s a good payoff. I think at this point there’s broad consensus that the government is going to wind up going deep into debt to try to avoid economic calamity. That’s the right call, but it’ll create problems down the road. Under the circumstances, it’d be really useful to spend the money on stuff that will be useful down the road — stuff like education.