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Hmm ... are we still on the same page? This is where the discussion started: https://news.ycombinator.com/item?id=10995433 https://news.ycombinator.com/item?id
by tome 11y ago
Hmm ... are we still on the same page? This is where the discussion started: https://news.ycombinator.com/item?id=10995433 https://news.ycombinator.com/item?id=10995433
You seemed to be claiming that a bank incurs no cost ("no effort") to issue a loan. Are you sticking to that?
- Kinnard 11y agoYes, we're still on the same page. The Banking system is rapacious and it should be done away with. Its capital allocative functions have been subverted by extraction. It's an emergent system so that isn't to imply that the people who work at banks are rapacious. That would be the fallacy of division: https://en.wikipedia.org/wiki/Fallacy_of_division https://en.wikipedia.org/wiki/Fallacy_of_division It is that bad.