(FB 1542474255 Timestamp)
NEAR ZERO CONSUMER INTEREST
1) let’s assume there is only one consumer lender: the treasury. what happens to default rates?
And 2) under single (consumer) lender, with limits by rolling income, why are defaults a problem?
And 3) now let’s distribute liquidity via those same accounts, and what happens?
And (4) if those ‘rents’ on state-secured interest aren’t available where does investment capital seek longer term returns instead?
With the exception that;
(5) black market ‘loan’ might increase (not for sizable), because there is always an unpredictable ‘lottery payment’ coming from insertion of liquidity to maintain the money supply, with zero delay.