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Who would you personally feel more comfortable lending money to, a complete stranger (who might very well need it more -- aka optimal distribution of resources)
by kami8845 11y ago
Who would you personally feel more comfortable lending money to, a complete stranger (who might very well need it more -- aka optimal distribution of resources) or someone within your family or close circle of friends, where you have some level of confidence that they will simply run off with your money or squander it?
- mikeash 11y agoVirtually everyone finds the stranger more comfortable. They may not say so, but a quick look at their finances will reveal most of their assets in bank accounts, stocks, bonds, etc., and almost none in the form of loans to family members.