I mean no government regulation (or bailouts – actual raw risk). In the case of mortgages i could have said Fannie Mae instead of BS. Just trying to get at what rates would be like with no intervention at all. Higher or lower than current rates? Would there be a market that didn’t involve kneecapping?
In subreddit r/austrian_economics
In a post titled:
In an actual free market, with no guardrails or protections for lender or borrower, what do you think interest rates would be for various loan products?