check out the amazing mental gymnastics the author comes up with to 
We are not including, for example, any valuation of future Social Security benefits. Nor any value of human capital: that Harvard degree (if it was in, say, puppetry) might not be worth what was paid for it but it's worth something. Nor what is the greatest source of wealth for everyone in the developed countries: that happenstance that we were born into developed countries. Countries where if we go broke the children will still get educated, we'll still get medical care, food, shelter and all the rest: the value, in short, of being a citizen of a country with a developed welfare state.
this motherfucker really tried to claim that if you are broke in the USA you still get everything you need you live
I think my favorite part is:
The idea of being one hundred and fifty thousand dollars in debt gives me heart palpations. Is this seriously the best defense that the author can offer, the example of going into debt to get the education and accreditation needed to then compete for jobs that may or may not be available? Actually, I'm sure it will be completely fine, because of the implicit family wealth and ivy league networking... things that every American definitely has access to!
No harvard graduate with connections to wall street is paying for their own schooling. Their parents almost definitely would have been footing the bill. Extremely rare in this era to be able to get your foot into the door of one of these companies unless you have nepotism or got lucky because your freshman year roommate's dad worked at Goldman.
Also, even a degree from Harvard doesn't guarantee you'll ever get out from under that debt in this economy. Not to put too much sympathy towards Harvard grads.