Damus
nostrich · 80w
Borrow a friends car, rent a car, save up money to buy a car would all be better options than a high interest loan, no?
Comte de Sats Germain · 80w
Cars will be cheaper relative to hours worked, like they used to be. Measure prices in terms of hours worked - that's what honest economists (I am by training) do. Also, sound money incentivizes competition in terms of quality, so I expect cars will last a lot longer. And 3d printing raises the poss...
Anchorite · 80w
It's hard to imagine no credit. Perhaps credit would slowly become almost irrelevant because prosperity will enable abundant charity?
DRE · 80w
What did people do before 1971? Work for a summer and then you can buy your car. Much better than having to repay a debt in something that increases in value over time. There will always be financially illiterate people that take on debt to buy consumer goods, but the incentive will be to buy consum...
frphank · 80w
Indentured servitude.