Tuesday, December 22, 2015

Vendor Financing

Linh Dinh is a fave writer of mine.  Inadvertantly he notices nascent free market development -
An old woman ordered chicken lo mein, but couldn’t come up with the cash, so she offered to leave two bottles of wine as collateral. Tron said not to worry, just pay her the next time. “She’s a regular customer. She probably misplaced her purse.”
Exactly... the future is extending your customers credit, forget about currency and bank mediation,

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