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The vendor being able to instantly take out a loan is the real kicker here. If even a relatively small percentage of shopkeepers do this it will enable economic
by jack_riminton 4y ago
The vendor being able to instantly take out a loan is the real kicker here. If even a relatively small percentage of shopkeepers do this it will enable economic growth only seen in places like China in the 1990s, the effect will be multiplicative throughout the economy
- WeylandYutani 4y agoOnly if they can pay back the loan otherwise you just end up with a banking crisis.
- jack_riminton 4y agoTrue but this isn’t inflation of assets it’s money for goods purchases by the sounds of it which is a lot less susceptible to bubbles
- kridsdale1 4y agoI was so happy to read that part. A triumph of capitalism, if it takes off. Everyone deserves the right to a fair and quick evaluation of their default risk to get access to capital on margin. It’s the best way to get people to invest in themselves and their communities.