Chapter
The Role of Consumer Credit in Economic Growth
1:53:13 - 2:02:14 (09:01)
The role of consumer credit in driving economic progress in developing countries is a much-debated topic. While some argue that more credit needs to be made available to consumers, others believe that directing credit towards industry and economic development would lead to more sustainable growth.
Clips
The idea is to restrain the consumer credit industry and direct credit towards industrialization and economic progress, which would aid catch up growth for the underdeveloped countries.
1:53:13 - 1:57:51 (04:38)
Summary
The idea is to restrain the consumer credit industry and direct credit towards industrialization and economic progress, which would aid catch up growth for the underdeveloped countries. This can be achieved by allowing people to own their land and invest in meaningful export industries, leading to a bump in national income.
ChapterThe Role of Consumer Credit in Economic Growth
Episode#353: Patrick Collison — CEO of Stripe
PodcastThe Tim Ferriss Show
The speaker shares their perspective on decision making and talks about how to cultivate making faster decisions with a framework that prioritizes important but not timely tasks.
1:57:51 - 1:59:54 (02:03)
Summary
The speaker shares their perspective on decision making and talks about how to cultivate making faster decisions with a framework that prioritizes important but not timely tasks. They also mention Reid Hoffman as an example of prioritizing speed over perfection.
ChapterThe Role of Consumer Credit in Economic Growth
Episode#353: Patrick Collison — CEO of Stripe
PodcastThe Tim Ferriss Show
It's not just about making a decision, but exploring the possibility space to make better decisions.
1:59:54 - 2:02:14 (02:20)
Summary
It's not just about making a decision, but exploring the possibility space to make better decisions. Jolting yourself out of the narrow-minded thinking can help to realize the bigger picture and make better choices.