Suppose I can buy a car today for $8,000 and the car is worth, over the next year, an extra $15,000 in income because it expands on my abilities as a travelling salesman. Is it rational for me to get a loan from Larry the Loan Shark at an 80% interest rate if nobody else will give me a loan? Fully explain, including calculations, why or why not. Include in your explanation any impact on overall economic activity. For this one instance, you can ignore the time value of money and income tax rates. After drawing up your explanation, can you generalize from this example to make the case for legalizing loan sharking? If legalized what limits might you suggest on the practice as you currently understand it is conducted now.