Oddbean new post about | logout
▲ ▼
Troy | 9 months ago (raw) | root | parent | reply | flag 
 Why start with a false premise?
▲ ▼
LeoWandersleb | 9 months ago (raw) | root | parent | reply | flag 
 If there is no profit in lending, there will be less lending. Explain it to me where I got it wrong.
▲ ▼
Troy | 9 months ago (raw) | root | parent | reply | flag 
 How does not making a profit relegate an activity "only to friends and family"?
▲ ▼
LeoWandersleb | 9 months ago (raw) | root | parent | reply | flag 
 Would you lend to strangers for free? Yes, some would but some would abuse that and resources would flow from gullible people to psychopaths.