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If someone takes out more than they can pay back, it’s their problem. If millions of people do it, there is a systemic problem that needs addressing. It can b
by sseagull 2y ago
If someone takes out more than they can pay back, it’s their problem.
If millions of people do it, there is a systemic problem that needs addressing.
It can be both things at once.
- nerdjon 2y agoThank you! you have said it the best way that I have seen yet. No one is talking about removing personal responsibility. However when a pattern has emerged we have to look at how we got here in the first place and realize that there is likely something fundamentally wrong. If it is found that there is that fundamental issue, the government has stepped in many times to address systemic issues, bailouts, etc. (I fully acknowledge that they have not done this equally, but that's a separate topic) Besides, if you really just want to boil this down to numbers. People actually having money to spend instead of it just being stuck disappearing towards loans that they will never pay back, will have a positive impact on the economy.