Detterence

Current Events » in reply to Get a job, longhair.

Detterence

RobVG — 7/1/2013 2:37:50 PM (archived)

In the early 80's, my student loan was at 8%.

If the cost of borrowing is very low, the temptation to cover all your costs with borrowed money is high. There's no deterrence to augment the underdeveloped common sense of the college freshman.

The whole thread (12 posts)

Get a job, longhair. - ER - 7/1/2013 1:16:24 PM
- A slight change in emphasis. - bowser - 7/1/2013 8:38:17 PM
  - And a PS. - bowser - 7/1/2013 8:41:06 PM
    - Agricultural price support programs. - ER - 7/1/2013 9:21:30 PM
- Detterence - RobVG - 7/1/2013 2:37:50 PM
  - The actual problem: - TB - 7/3/2013 1:59:41 AM
  - You're a braver man than I am. - ER - 7/1/2013 5:28:47 PM
    - Nah, it wasn't that bad. - RobVG - 7/2/2013 4:06:33 AM
  - Your argument is crystal clear but you did not show a basis for the need for deterence. - alcaray - 7/1/2013 5:14:24 PM
    - Well, adjustable rate mortgages gave people who could not afford homes the ability to buy one. - RobVG - 7/2/2013 3:44:27 AM
      - Ah. Like removing car safety regulations will cause people to become better drivers. - alcaray - 7/2/2013 5:37:46 AM
        
        I don't understand. n/t - RobVG - 7/2/2013 11:47:28 PM

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