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Why wouldn't trading be for morons? Should we also limit loans to people who have a specific minimum IQ or do we live in a free society?
by jVinc 8y ago
Why wouldn't trading be for morons? Should we also limit loans to people who have a specific minimum IQ or do we live in a free society?
- nrmitchi 8y agoMaybe not based on that metric, but is it really unreasonable to limit loans to people who have demonstrated that they have the ability to understand the terms that they're agreeing to?
- patagonia 8y agoIdk if we should, but we do. Generally getting a loan includes this thing called the credit approval process. If one is unable to responsibility manage their personal finances they have a good chance of being limited in their access to loans.