Yes, and a certain portion of the population will also be drunks, drug addicts, murderers, adulterers, etc.
Great point! Maybe consumer credit should be regulated like any other addictive and/or hazardous substance.
I’ll suggest that the central bank should fix interest rates/credit creation to a fixed model based on population growth. Your credit card would also be your social security card. You borrow money @whatever the current interest rate is and your credit line is based on your age and credit history.
