How can you make a case for legalizing loan-sharking

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Reference no: EM1364441

If I can buy a car today for $5000 and it is worth $10000 in extra income next year to me because it enables me to get a job as a traveling anvil seller, should I take out a loan from Larry the Loan Shark at a 90%. Interest rate if no one else will give me a loan? Will I be better or worse off as a result of taking out this loan? Can you make a case for legalizing loan-sharking?

Reference no: EM1364441

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