Query

michael at ecst.csuchico.edu michael at ecst.csuchico.edu
Sat Oct 16 09:32:12 PDT 1999

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It is pretty simple as the Ricardo quote shows. In this case, if you charge very high interest rates you get the most desparate borrowers, who are not particularly good credit risks.

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu

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