»Those who
never take the smallest risk
run the
greatest risk in life.«
– Bertrand Russell
British philosopher and mathematician
The greatest risk lies in not making a loan
because of the gradido’s perishability. Any loan, however unfavourable, would
be better for the lender. That does not mean that you should make unfavourable
loans. Should two out of ten loans not be repaid, you would still have the
benefit of eight loans since the money from the loans that are not repaid would
have been gone anyway if you had not lent the money.
Loan contracts are naturally just as binding as
at they are at present. It is very easy for the borrower to repay the loan as
money is plentifully available and therefore flows very generously. The risk of
becoming insolvent is much smaller than in the present system and there will
scarcely be any bankruptcies.
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