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This right here is why i've been less and less enthusiastic about some of the roles credit plays in our society. You get credit assuming the future will be in s

This right here is why i've been less and less enthusiastic about some of the roles credit plays in our society. You get credit assuming the future will be in some range, but then you can get screwed if it deviates. So now you have to fight for it to stay that way, and when shit hits the fan, there's this long chain of dependencies that needs to unwind to allow flexibility. Like it's trading robustness for efficiency.

aeternum 6y ago
Yes but efficiency is pretty valuable since we have limited lifespans. Providing the capital to start a company (or build new housing/apts) now rather than in 10-20 years probably does more good than harm overall. It's definitely a balance though, very easy to go overboard.