Some Answers On Rudimentary Commercial Lending Programs

First of all, people might just not be smart about debt. They might underestimate their true risk of losing their job or taking a pay cut -- in fact, plenty of research says overoptimism is pervasive. Or they might simply ignore the importance of optionality. How many undergrad students, having never held a full-time job, can imagine how student loans will yoke them to their employers 10 years down the line? Next, excessive household debt might be sucking the dynamism out of the economy. Economists are fretting about the steadily declining rate of new business formation in the U.S. Since about

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