>>17527461
>So loaning money becomes a worse choice.
Yes. But it is still a choice.
>>17527461
>You think they will warn you? They already never do until after the loan is made and it's time to pay back.
Fair. A lot of places didn't do it at regular intervals. I was thinking of the Old Testament where it is commanded all debts were cleared every 40 years. But even then, it was often done by a new rulers after taking over to unfuck an already suffering economy.
>Venture capital is the largest chance for a poor person to become wealthy in a free economy, you can research this yourself if you don't believe me.
This doesn't contradict the fact they're metaphorically pulling the copper wire out of the walls of the economy by killing profitable businesses because they're not making insane amounts of money.
>Because housing like medicine is one of, if not the, most meddled in economies in existence.
It isn't the governments fault unless you think the fault is the housing market isn't properly regulated. It's a combination of it being an investment that is constantly going up and selling a house is a way to launder large amounts of money at once. It doesn't even matter if nobody is living in the house because you can just buy it, maybe do a little renovation, and sell it to another person who wants to use it as an investment then as a living space.

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>In ancient history, debt was periodically wiped out to prevent economic disasters >People didn’t bit everything on “credit” or fiat…

>In ancient history, debt was periodically wiped out to prevent economic disasters
>People didn’t bit everything on “credit” or fiat…