RE: Capital Mobility Keeps The System Efficient
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The banks then use products like loans and credit cards to create new money out of nowhere and then expect consumers to pay it back with an interest rate
This is the way for banks to earn some money. I think loans and credit cards are good if used wisely. We should not use it as free money and credit card is good and bad both depending upon how you use it.
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I think they are good products too, consumers are sure taking out more than they can afford and banks aren't exactly curbing it, its a problem with the incentive structure on both ends
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