For people who don't have any money to start with some form of credit is important to start a capital intensive business.
People who take a mortage to pay for a house that they can't afford are responsible for the result of taking that mortage.
People who can't loan out their money in some way will probably use it less effectivly than people who can search for the highest return on their investment.
__________________ I am always open for feedback on my posts. If your feedback would go offtopic feel free to send me a Personal Message.
My posts generally don't contain medical or legal advice, if you have a problem seek the opinion of an expert Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.”
Bruce Sterling about the financial crisis.
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