Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Sorry, HiD, but you are the one stuck in the past.

Credit intermediation is obsolete.

Credit or "time to pay" is needed to create productive assets: and investment is then possible in the productive assets created.

But in a "Peer to Peer" world, credit middlemen are not needed for either purpose.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Jul 13th, 2008 at 09:21:50 AM EST
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