Hacker News new | past | comments | ask | show | jobs | submit login

That's how you collapse economies.

To keep them moving, allow defaulting on loans, make the banks take the loss. They will stop issuing glaringly risky loans to the unqualified, preventing a 2008 style subprime loan crisis.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: