Earlier quoted context omitted.
"too high for my liking" is doing a lot of work there. Some of these loans are outright predatory, with multi-thousand-percent interest rates. These aren't loans that people who have better options are taking, and moreover I think a lot of people really don't understand how horrible that can be. Call your congressperson to get more funding for math education, and then maybe we can argue we should get rid of usury law…
> I guess I feel like the term "consent" is weaponized; did people opt into these loans? That also leads into complex questions like "is it really consent if the alternative is X", or "can someone consent to chattel slavery", or "at what point is chemical addiction no longer consensual", etc. _______________ > "I should not agree with your young [socialistic] friends," said Marcus curtly, "I am so old-fashioned as to…
I do pretty ok now, but in 2016, I was completely broke. I was unemployed for awhile, but even after becoming employed it felt like I couldn't catch up with my debt. Even though I know they're basically scams, and I know how to calculate compound interest, and I know math better than the average American, I still considered one of those scammy payday loan places, just because the high interest was "Tom in a few month from now"'s problem. Fortunately I didn't have to go that far, and things did pick up, and I feel lucky for that.
I think about that situation a lot; it was a very humbling moment. I guess I hadn't fully realized beforehand that the right combination of circumstances can really make people who would otherwise know better make objectively bad decisions.
Life is already pretty hard even when things are going fine. We don't need assholes weaponizing circumstances for when they aren't.