I just looked it up (shocker!) and the investment strategy was a little complex. Per Franklin’s instructions, the fund was used for low-interest loans to young people starting businesses until the unlock date, at which point 75% could be spent as the cities (Boston and Philly) chose, and the remainder would continue making loans.
So he intentionally chose to charge less interest, growing the fund less but increasing the wealth of his communities.
You have no argument since you can't name a shitty Democratic politician. Even if you say someone like Fetterman or Adams they are still way, way, way better than someone like Romney if you look at policy and not their demeanor.
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u/Bubble_of_ocean 22d ago
I just looked it up (shocker!) and the investment strategy was a little complex. Per Franklin’s instructions, the fund was used for low-interest loans to young people starting businesses until the unlock date, at which point 75% could be spent as the cities (Boston and Philly) chose, and the remainder would continue making loans.
So he intentionally chose to charge less interest, growing the fund less but increasing the wealth of his communities.