Without Power, Puerto Rico Is Cash Only
Just a reminder that anyone can issue credit. A composition notebook and a pencil is all it takes to keep record.<p>1. Pay by the end of the month and it doesn’t effect me. No interest.<p>2. Otherwise, 1% to 1.5% of the balance in interest month over month. You have to pay at least the interest every month.<p>3. If I need to borrow, I can do it on the strength of my accounts receivable and my ability to collect interest payments reliably.<p>4. If I don’t get payed back, I can take someone to court when things are back to normal and yes, the court will side with me.<p>4.b There's always ways to create incentives to pay debts.<p>It has worked this way for hundreds of years in parts of Latin America and other areas of the world with fluctuating infrastructure.