3 ms·
You misunderstand. The parent meant that the amount is infinite, so the property that eventually every state will happen is no longer there.
by nazgul17 9y ago
You misunderstand. The parent meant that the amount is infinite, so the property that eventually every state will happen is no longer there.
- meric 9y agoWow, a mathematical explanation of how uncapped debt reduces wealth mobility.
- nandemo 9y agoYou're kidding, right? No way a generic observation about a markov chain (which doesn't even model interest) implies that "uncapped debt reduces wealth mobility".
- e12e 9y agoSo, with typical debt, interest rates are higher for debt than for savings. Does seem that a) removing the cap, and b) introducing interest on savings < debt would trap some people in poverty?