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duxup
on Feb 12, 2020
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Companies flooding Kenya with apps offering high-i...
They are if they choose it, and even if they don't friends and family choosing it they could be worse off...
People in a debit cycle don't only impact themselves.
Like I said Usury Laws exist for reasons.
egdod
on Feb 13, 2020
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Yes, paternalism is a reason. It’s just not a very good reason.
duxup
on Feb 13, 2020
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It's not paternalism, it's good economic policy to avoid letting whole groups of people fall into such situations that easily.
egdod
on Feb 13, 2020
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... because you know better than they do what’s good for them. That’s definitional paternalism.
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People in a debit cycle don't only impact themselves.
Like I said Usury Laws exist for reasons.