economics - where to begin?

I wasn't thinking of it in terms of stealth price differentiation, but it makes sense.

I assume the following:

they charge more, or they charge some sort of fee for using the service
they charge for missed payments, making the whole endeavor worthwhile

i don't think its the price discrimination thing. cause it's the same price to buy on layaway at 0 interest. its actually cheaper cause you could lend the money in the interim and make the interest. interest rates are low and no one would realistically do that for retail purchases, but still

fizzles is otm here:

the obvious benefit is that they will sell more because more people can afford it on a per month basis. even without factoring in fees it’s worth the margin hit.

the buy-now-pay-later service gets fees from the retailer directly, about 5% per sale according to this. that's where the bulk of the money comes from. the article says fees are a minority of the revenues. is it worth it for the retailer? they still get 95% from each sale. so if the price stays the same, they lose 5% on people who would've purchased anyway, and gain 95% on people who wouldn't have purchased without buy-now-pay-later. so as long as there is 1 person who was induced to buy by buy-now-pay-later for ever 20 who buy-now-pay-later'd but would've purchased anyway, it's worth it for them

retailers may be raising prices in response to this; it is a positive demand shock. i doubt by very much, but i could be wrong

1209 to 2019

The Bank of England governor says that cryptocurrency investors should be prepared to lose all their money 🤡 pic.twitter.com/OgNk143iIC

— Aleksandra Huk (@HukAleksandra) May 8, 2021

Wow can’t believe the standard of living of your average £1/year laborer has declined so much in the last 800 years

???????

That graph is 100% accurate and completely useless as a means of understanding economics, finance or money.

Yeah, a lot of crypto supporters think low inflation is a bad thing.

I haven't read the book this is reviewing, so the review may be deeply unfair, but I agree with the review's argument that much of what gets criticised in 'economics' is really just 'the right'. https://t.co/C9qi7XqrIx

— Lafargue (@Lafargue) May 20, 2022

https://www.epi.org/anti-racist-policy-research/disparities-chartbook/#laborcharts

I note that this thread on economics already existed.