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A comment on Counterintuitive problem: People in a room keep giving dollars to random others. Parent comment

Re:Counterintuitive problem: People in a room keep giving do... by schoen on Sunday July 09, 2017 @10:57AM (#14730003)
Or lending might be done as charity

https://www.hflasf.org/

https://www.jfla.org/

or only upon collateral.

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Re:Counterintuitive problem: People in a room keep giving do... by wdewind on Sunday July 09, 2017 @11:48AM (#14730269)
Which would mean that much much less of it would get done, which is not a clear win.
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Re:Counterintuitive problem: People in a room keep giving do... by schoen on Monday July 10, 2017 @12:22AM (#14733352)
I agree with that. Seeing more of this thread, I would clarify that I agree that interest rewards people for accepting risk in addition to temporarily losing the use of their money, and I support that.

I just want to point out that the phenomenon of interest-free lending as charity is a real one.

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Re:Counterintuitive problem: People in a room keep giving do... by tengbretson on Sunday July 09, 2017 @11:53AM (#14730299)
Lending with no interest AND collateral creates a very perverse set of incentives for the lender.
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