Pinkos Parlor

what if we sold money like
we sell rice....???

we don't

we don't set the price of money its interest rate to clear the borrowing market

nope we ration the stuff

set the price too low
but choose our borrowers

based on
"creditworthiness"

reason..default

but most models still act like
money is sold like fish
fast before it rots and to
the highest bidder

Posted by pinky at November 24, 2006 08:17 PM