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by pdecker 4173 days ago
I don't think we necessarily "need" lending for consumption, we like it. We like being able to buy a house when we only have 10% to put down...same thing goes for a car...or a tv...or our clothes, fancy dinners, etc. We want all these things, but most of us can't afford to pay for them in cash. So we leverage up. We don't need credit. We like it.