Re: "a public, transparent algorithm to determine creditworthiness that eliminates racial biases in credit scores.” Eliminating racial bias is admirable, but i

Re: "a public, transparent algorithm to determine creditworthiness that eliminates racial biases in credit scores.” Eliminating racial bias is admirable, but is not a thing that we have any idea how to do in any computationally rigorous way, certainly not as assumed in that language. Modern credit scoring for anything that matters involves lender and context specific analytics. It's a much richer process than the imagined single monolithic FICO score. In this world, giving a single entity a monopoly in generating these bespoke scores is, simply for mechanical reasons, a complete non-starter. The way to deal with profit-oriented lenders making what seem to be unfair credit decisions is to have a credit process that solves for fairness, not profit. That amounts to starting from a place of making capital grants, something the government is very good at, and which would be a better angle for Bernie to be taking. Andrew Yang's UBI proposal could be tweaked to optionally, at the receivers request, treat the grants in part as low interest rate loans, allowing receivers to create a credit history if they so desire.