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So you want to make banking dramatically more expensive for everyone? All that'd do is make credit hilariously more expensive for everyone, which will push up
by growse 3y ago
So you want to make banking dramatically more expensive for everyone?
All that'd do is make credit hilariously more expensive for everyone, which will push up the price of everything. I'm not sure that's a good idea.
- dheera 3y agoI don't think so. If people buy things only with money they actually have, prices will be forced to come down. Prices are high because the whole damn country has a habit of buying things they can't afford. It's not actually normal to do that in a lot of the world.
- JumpCrisscross 3y ago> not actually normal to do that in a lot of the world. The U.S. is number 15 in the world by household debt to GDP [1]. The winners in your low household debt basket are Pakistan, Algeria, Ukraine, Tajikistan and Bangladesh. [1] https://en.wikipedia.org/wiki/List_of_countries_by_household_debt https://en.wikipedia.org/wiki/List_of_countries_by_household...