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by sin7 1282 days ago
Can poor people take out a loan and create new money?
2 comments
loa_in_ 1282 days ago
They don't, and in times where there's most need for that, banks squeeze their wallet close even tighter.
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quickthrower2 1282 days ago
My understanding is any loan from a bank creates new money. However not sure about the types of loans that poor people use such as payday loans and pay-in-4 services. Maybe that us too since an investor may use bank borrowed money to fund them?
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