If people don't like a creditor's interest rates, they could try repaying the loan. <now it's rapacious credit card companies.>
It's not really "rapacious" to charge what the market will bear. It's just supply and demand. If people think interest rates are too high, they should become creditors instead of debtors.
If they don't, they should quit whining. They should quit whining anyway. When something, such as first class air fares, are too expensive for me, I don't buy them. I don't whine that caviar is too expensive, or schnapper in my case which is getting really expensive. I could go into schnapper farming if I think it's too expensive. But I don't, so it obviously isn't too expensive.
Hmmm.... on the other hand, 20 years ago I seriously investigated all the guff on schnapper and ways I could do it, but decided it was all too hard. Now, with schnapper at NZ$45 per kilogram in our local supermarket, it would probably be economic start a business. It's now twice the price of salmon, which used to be a super luxury fish.
Mqurice |
