Perhaps the amount of money you're allowed to borrow should be proportional to one's age (starting at 18). The fact that a 17 year old can sign a promissory no

Perhaps the amount of money you're allowed to borrow should be proportional to one's age (starting at 18). The fact that a 17 year old can sign a promissory note for many thousands of dollars just doesn't make sense to me (ignoring the fact that 17 year olds can't sign most other kinds of contracts). Some of us were extremely knowledgable about the world at that age, but most of us had no idea how anything worked. We had no experience, and our parents didn't do us the service of teaching us. For many of us our maturity level wasn't enough that we could be taught what we were doing. At that age our biology makes us reckless. So why should it good for society to allow this? Putting aside the ideas of free/subsidized tuition (not because they don't deserve consideration), perhaps this is too young an age for people to be choosing their life's vocation, much less signing away their financial future. More and more I think we should focus on getting young people out into the world into a variety of jobs and apprenticeships and internships and community service.