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The credit markets have been far worse than they are today, far far worse, far far more strict, far far far far far higher interest rates. From housing, to credit, to the inflation, all of it has been worse.
We have SOOOooOOo much more to go before we even catch the 80's, and even more before the 60's...
Thinking this eco can't function without credit is utterly stupid. It should be able to fully function WITHOUT ANY CREDIT, like it has before. It's the free market, and if you can't cut it, you work for someone else that can...
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