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Even when those usurious, predatory rates are disproportionately charged to poorer people, who can afford to bear them less? Because that's how it works: price
by rosser 8y ago
Even when those usurious, predatory rates are disproportionately charged to poorer people, who can afford to bear them less? Because that's how it works: price discrimination against the people least able to bear it.
But, hey. Why should I care, if I'm not getting charged those rates, right?
- ovao 8y agoGiven that a significant component to the determination of interest rates is risk, I don’t think one could reasonably expect a non-public system of lending to operate any other way. We’re getting pretty off-topic though, so if you’d like to talk more, go ahead and shoot me an email (r at ovao dot la).
- rosser 8y agoRisk management and predation are categorically different things. If that's not an intuitively obvious notion, I'm not sure what more dialogue will accomplish.