life on planet earth on Loans

There was a man in New York City. Walked into a bank and asked for a loan. A loan officer came out and introduced himself. He said, how much you want? He goes, I want $5,000. I’m going to Europe on bu...

Mortgage is a French word. It’s a combination of two Old French words, mort meaning “death” and gage meaning “pledge.” Yep, signing a mortgage means you are signing a death pledge. It was named this a...

Consider the following summary of an interview conducted by Abhijit Banerjee and Esther Duflo, two of the world’s leading researchers on poverty: In a village in Indonesia we met Ibu Emptat, the wif...

While most of us probably avoid borrowing money, there are cases in which people actually enjoy borrowing from other people. For instance, the Austrian poet Peter Altenberg loved to borrow money from ...

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.