Curt Doolittle updated his status.

(FB 1542474255 Timestamp) NEAR ZERO CONSUMER INTEREST 1) let’s assume there is only one consumer lender: the treasury. what happens to default rates? And 2) under single (consumer) lender, with limits by rolling income, why are defaults a problem? And 3) now let’s distribute liquidity via those same accounts, and what happens? And (4) if those ‘rents’ on state-secured interest aren’t available where does investment capital seek longer term returns instead? With the exception that; (5) black market ‘loan’ might increase (not for sizable), because there is always an unpredictable ‘lottery payment’ coming from insertion of liquidity to maintain the money supply, with zero delay.