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But I wouldn't use the word 'subsidy' to describe that situation.
by luser001 14y ago
But I wouldn't use the word 'subsidy' to describe that situation.
- gnaritas 14y agoMaybe you wouldn't, but many people would. The government is encouraging behavior with law and giving the banks something that drastically lowers the risk of lending; that something is guaranteed access to a persons future earnings. I call that a subsidy, even if it's not a direct cash payment.