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Podcast: How to Lend Money to Strangers
Episode: Holding up a mirror to the lending industry, with Elena Botella (Delinquent: Inside America's Debt Machine)
Description: "Fairness in pricing often starts with the idea of competition - if there's healthy competition, that will bring the price down. But, in the United States, if you look from the 1990s to the 2020s, credit card profits have steadily risen, and real interest rates have steadily risen and at the same time, default rates have fallen and it's just less expensive, in some ways to run a credit card company than it used to be - so I think that's the first clue that the pricing isn't fair".In this episode of HTLMTS, I...