The Poor are Honest

“What happened about twenty years ago is that bankers said they made an anthropological discovery, a breakthrough. They found out that the poor are honest. Almost the only people who believed that they should repay their debts are the poor people. And in fact, the less money you have, the more you believe that the debts should be paid. …Even though the poorer you are the higher the interest rate you pay, the poorer you are the greater the likelihood the bank has that you’re going to repay the debt.”