Re:The Ultimate Guide to Inflation
by throwawayboise on Monday May 10, 2021 @12:16AM
(#27102627)
We saw what happened in 2008 when the loans went to unsophisticated, underqualified borrowers.
[ Parent
| on HN ]
2008 (or rather, the lead-in to 2008) was a different case.
In that case the lenders were the ones who were the problem, and the borrowers were indeed using the money as disposable income (well, at least, to buy a home and other consumer goods on credit).
Whereas today the money goes from the printers to the rich people - not the common folk.
> unsophisticated, underqualified
Like Lehman Brothers