Robert A. Heinlein: Commercial Financing Commodity

Posted by admin on Tuesday, December 5, 2017

Robert A. Heinlein Money Quote saying banks could finance commercial loans by charing reasonable fees, but instead commoditize cash based on scarcity. Robert A. Heinlein said:

Commercial financing could be done for a service charge plus an insurance fee amounting to much less that the rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state’s means of exchange
— Robert A. Heinlein

 
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