2min chapter

The Gray Area with Sean Illing cover image

How middlemen took over the economy

The Gray Area with Sean Illing

CHAPTER

The Middle Man Economy Is Not Direct All the Time, at All Costs

A lot of this is trying to respond to what i see and identify as the shortcomings of the middle man economy. So there ere a lot of loans that should not have been made, that were made and that ended up defaulting. And loss rats were huge. There 's a bunch of implicit and explicit biases that we as individuals bring to the table that suddenly translated into who we ere willing to loan money to.

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