Quote:
Originally Posted by pornguy
Very True. But that is the EXACT reason we have all these issues.. Things used to be that if a company wanted to get a new printing press, they either had the money or they did not. I think the only way to fix some of these issues is simply to use secured loans or they just have to get along.
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When do you mean? Credit markets/business loans have been around a long time. Think about how the railroads expanded. Railroad bonds. This was the mid to late 1800s.
Business loans have been around a long time too. Ancient Greece at least. Probably older. Commercial banks have been operating in the US since it's inception. but even outside that merchants have always offered credit terms on inventory and supply. For as far back as we have records. Even the oldest writings from Sumeria reference loans. "Akhenaton promises to pay Lesso 30 bushels of wheat at harvest time". That sort of thing.