{"id":515,"date":"2008-07-28T05:48:07","date_gmt":"2008-07-28T12:48:07","guid":{"rendered":"http:\/\/www.alephnaught.com\/Blog\/?p=515"},"modified":"2008-07-28T05:48:07","modified_gmt":"2008-07-28T12:48:07","slug":"only-loan-money-to-people-that-can-pay-it-back","status":"publish","type":"post","link":"https:\/\/www.alephnaught.com\/Blog\/2008\/07\/28\/only-loan-money-to-people-that-can-pay-it-back\/","title":{"rendered":"Only loan money to people that can pay it back"},"content":{"rendered":"<div id=\"content_div-515\">\n<p>I found this quote in the article, &#8220;<a href=\"http:\/\/www.nytimes.com\/2008\/07\/28\/business\/economy\/28credit.html?_r=1&amp;hp&amp;oref=slogin\" target=\"_blank\">Worried Banks Sharply Reduce Business Loans<\/a>,&#8221; from the NY Times today:<\/p>\n<blockquote><p>&#8220;Mr. Epstein, forced to limit his production to what he can finance with his existing cash flow supplemented by his own money, has been tightening credit himself: He has been turning down orders from companies with any whiff of financial troubles, lest his company fail to get paid.&#8221;<\/p><\/blockquote>\n<p>Doesn&#8217;t anyone else find it interesting that we&#8217;ve gone full circle, from loaning money without trust to loaning money only when we expect to get it back?  Of course, this causes contraction in the economy &#8211; before we had a bunch of people hawking ideas and getting money to try them out, many  (most?) failing.  Now, less money circulates, but that money should return what&#8217;s expected.<\/p>\n<\/div>\n<div class=\"translate_block\" style=\"display: none;\">\n<hr class=\"translate_hr\" \/>\n<a class=\"translate_translate\" id=\"translate_button_post-515\" lang=\"en\" xml:lang=\"en\" href=\"javascript:show_translate_popup('en', 'post', 515);\"><span>Translate<\/span><\/a><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/www.alephnaught.com\/Blog\/wp-content\/plugins\/google-ajax-translation\/transparent.gif?resize=16%2C16&#038;ssl=1\" id=\"translate_loading_post-515\" class=\"translate_loading colorbox-515\" style=\"display: none;\" width=\"16\" height=\"16\" alt=\"\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I found this quote in the article, &#8220;Worried Banks Sharply Reduce Business Loans,&#8221; from the NY Times today: &#8220;Mr. Epstein, forced to limit his production to what he can finance with his existing cash flow supplemented by his own money, has been tightening credit himself: He has been turning down orders from companies with any [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[240,241,175],"class_list":["post-515","post","type-post","status-publish","format-standard","hentry","category-personal","tag-banks","tag-money","tag-ny-times"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2w3Qj-8j","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts\/515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/comments?post=515"}],"version-history":[{"count":0,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/posts\/515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/media?parent=515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/categories?post=515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alephnaught.com\/Blog\/wp-json\/wp\/v2\/tags?post=515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}