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> Loans would be one of the classic value creating activities, because they allow others to use otherwise idle capital to produce something new. Only if people
by shusson 5y ago
> Loans would be one of the classic value creating activities, because they allow others to use otherwise idle capital to produce something new.
Only if people use loans to produce something valuable. Most people I know take loans for houses, which afaik does not produce any direct value to society.
- imtringued 5y agoYou're right, the hope is that people build new houses, but that ship has sailed a long time ago.