The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
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Pay Later
i think it represents a, say, two failures. One failure is a credit system that the poverty premium at he fact that people can't get other options which are not too costly for them and they need credit. The other failure is sort of infintec more generally in the er. It's this problem, you know, maybe we had it a few years ago when talk about ride er, not wi hellin ise with rightl or food delivery apses. You knowher amount of cash being thrown at these companies, a, by b cs, by investment vehicles,. could ardly be spent on things of more value, maybe working for he financial time.
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