3 ms·
What? If you had a 100% guarantee of getting your money back next year, would you loan me all of your savings for this year? You will receive no other compens
by ghostbrainalpha 9y ago
What?
If you had a 100% guarantee of getting your money back next year, would you loan me all of your savings for this year? You will receive no other compensation for lending me this money.
If debts were never forgiven, maybe interest rates would be lower, but lenders are still providing a service for which an interest rate must be paid.
- vkou 9y agoI would, at the interest rate at which new money is being printed. It would be a better investment then keeping it in my savings account, with it's 0.05% interest, that's for sure. Unfortunately, nobody loans money at that rate. They always charge a premium.