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Distortion is a value judgement based on some probably arbitrary idea of baseline fairness. Is there anything substantive you could say about why this is distor
by perl4ever 7y ago
Distortion is a value judgement based on some probably arbitrary idea of baseline fairness. Is there anything substantive you could say about why this is distortion - i.e. is a bad thing?
- tempsy 7y agoNo. What’s happening is that poorer, less creditworthy people are getting better rates and more likely to be approved than more creditworthy and wealthier people. That is a distortion.
- perl4ever 7y agoThat's based on arbitrary anchoring. If you disconnect anyone from resources to back up their borrowing, they are less creditworthy. There's no absolute objective arbiter of what sources of credit are legitimate and what aren't.
- jjeaff 7y agoA distortion is a distortion. Whether that distortion is a good thing or not, is a value judgement.
- perl4ever 7y agoNo, people express values by insisting that definitions include their values implicitly. That's because they think it's a clever trick to force other people to accept their values, but I think it's overrated. You know how in 1984, they controlled thought through language? I always thought that was dumb. But everyone certainly tries.