Discover and read the best of Twitter Threads about #greedyfinance
Most recents (1)
The debtor, the creditor and the central bank.
A contemporary (& sad) fable by the lighting @AniceLajnef [Thread]
On reading our friend Anice's Thread on Twitter, we had to echo it
📣 Enjoy your reading! 👇
#greedyfinance ☠️
A contemporary (& sad) fable by the lighting @AniceLajnef [Thread]
On reading our friend Anice's Thread on Twitter, we had to echo it
📣 Enjoy your reading! 👇
#greedyfinance ☠️
Let's imagine a spendthrift individual who constantly borrows money subject to interest. The usurer assesses the individual's profile and decides to lend him €100 against a written and signed promise: "I undertake to repay €120 in 1 year whoever presents this paper to me.
"Why is the usurer asking for a premium of €20? Because he knows that the individual is a big spender and has a lot of debt, so there is a high risk that he won't pay it back.
Let's say he estimated at 15% the probability of never getting his money back on this type of profile.
Let's say he estimated at 15% the probability of never getting his money back on this type of profile.
