pull down to refresh

57 sats \ 1 reply \ @JulienPH 6 May 2023 \ parent \ on: How US banking system pushes people into debt bitcoin
What is the banks' rationale for debit cards not offering a good "credit" score by default? Someone who never takes credit has a better chance of repaying one (real estate, for example) when it happens. This situation is crazy
write
preview
57 sats \ 0 replies \ @nout OP 6 May 2023
The banks don't want you to return the money, they can squeeze more money out of people, if they get more people into debt. Also this whole system encourages more spending on stupid stuff, which in turn increases GDP of the country and so... welcome the the Keynesian world...
reply