2 ms·
More than that - loans to the very rich will always have a below-inflation rate. or worst case a near-inflation rate. Loans to the poor will always have an abo
by TheOtherHobbes 4y ago
More than that - loans to the very rich will always have a below-inflation rate. or worst case a near-inflation rate.
Loans to the poor will always have an above-inflation rate. And the poorer you get the more extreme the rates.
Interestingly this is somehow not considered inflationary.