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I'm not going to find it now, but I was blown away when he says that interest rates on loans should be capped to prevent lenders destroying wealth by making loa
by SixSigma 10y ago
I'm not going to find it now, but I was blown away when he says that interest rates on loans should be capped to prevent lenders destroying wealth by making loans to those most likely to default (which would justify high rates of interest).