@SteveSaretsky Trump literally truthed out a picture of him with a map of NA with Canada and Greenland and Venezuela with US flags. I mean I think you need to be slightly concerned.
@BillAckman@realDonaldTrump It should be a spread of 10% off fed funds or something. But arbitrary 10% makes no sense.
And as you said what about loan sharks or pay day loans?
@EpsilonTheory In theory it makes sense but 10% is arbitrary. Schools be a spread off of fed funds or something.
What about pay day loans? This will stifle credit, cause recession.
@BowTiedBull No no no. EARN rates would go down. Categories, sign up bonuses etc. so points inflation would stop. They’ve already devalued every year FOREVER, and Econ 101 says if supply of gold goes lower, value of gold goes up. Less inflation=no reason to deval.