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0 pointstoomuchtodo1y ago0 comments

Why would you pull back when it’s profitable? People are spending beyond their means, and it’s profitable to extend them credit to do so, even accounting for losses.

0 comments

chiefalchemist1y ago

It is, until it's not. It's a classic Tragedy of the commons.

j / k navigate · click thread line to collapse

0 pointstoomuchtodo1y ago0 comments

Why would you pull back when it’s profitable? People are spending beyond their means, and it’s profitable to extend them credit to do so, even accounting for losses.

0 comments

chiefalchemist1y ago

It is, until it's not. It's a classic Tragedy of the commons.

j / k navigate · click thread line to collapse