sturg33
I
It's not surprising to me that a hardcore socialist is winning over the minds of young socialists. He's promising the same stuff Bernie Sanders promises
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- Thread starter Jaw
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It's not surprising to me that a hardcore socialist is winning over the minds of young socialists. He's promising the same stuff Bernie Sanders promises
For a permanent rate? Yes, I would as Trump has stated this would be temporary.
acesfull86
Well-known member
None of that refutes what I said in my post …so I’m glad you agree that yes, this is a price control. Which is why I’m confused by Garmel’s comment that I was responding to.
chop2chip
Well-known member
So you are okay with temporary interest caps, but not permanent interest caps?
What would Trump/Harris need to do to ensure you that it would only be temporary?
The price is also affected by the amount of the loan.
If it's the same why does one damage the economy and one doesn't?
sturg33
I
You don't think lending money is a necessity for a strong economy?
Lending to non-credit worthy people?
I'm okay with a temporary at 10%, permanent at around 25%. Perhaps 20%
Perhaps in writing. Need further info from Trump as this is all talk right now.
acesfull86
Well-known member
There are a lot of things that determine the price …but ultimately the price is the price. And the government saying the maximum price you can charge is “x,” is definitionally a price control.
I don’t see how that particular fact is at all debatable.
Whether you think it’s a good or bad price control is another discussion…but it IS a price control!
acesfull86
Well-known member
There are a lot of things that determine the price …but ultimately the price is the price. And the government saying the maximum price you can charge is “x,” is definitionally a price control.
I don’t see how that particular fact is at all debatable.
Whether you think it’s a good or bad price control is another discussion…but it IS a price control!
We saw what happened in 2008.
chop2chip
Well-known member
Got it. So you are okay with a permanent price determined by Donald Trump or Kamala Harris.
State controls - Let them battle it out for the best climate for individuals who want better terms on their debt.
chop2chip
Well-known member
And you are okay with Gavin Newsom determine the price. Got it.
I wouldn't but I said earlier it's also possibly unconstitutional and is a state issue.
I'm sure Cal already has a limit on interest. Many states do.
Absolutely - When nobody is lending in these staets people will leave and California would suffer.
But in reality its not an executive branch power but you knew that.
chop2chip
Well-known member
I agree it’s unconstitutional, which is why it’s not a “good idea” (among other reasons), which is how you described it earlier.
States do it and the world hasn't come to an end.